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Former Suffolk, Virginia, Rite Aid is latest lined up for redevelopment

Roka Partners to demolish property in Holland Road commercial corridor
Roka plans to demolish the former Rite Aid on Holland Road to make way for a new retail project. (CoStar)
Roka plans to demolish the former Rite Aid on Holland Road to make way for a new retail project. (CoStar)
By Emily Pross with
CoStar Research
February 18, 2026 | 10:19 P.M.

A shuttered Rite Aid along a major commercial corridor in Suffolk, Virginia, has sold to a Richmond firm that plans to redevelop the site, cueing up the latest redevelopment of a former store of the now-defunct pharmacy giant.

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News | Former Suffolk, Virginia, Rite Aid is latest lined up for redevelopment