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19931713
19931712

2621 Pocoshock Boulevard, Richmond, VA 23235

EU
VA 0225097564, DC SP98377091
Divaris Real Estate Inc DC Regional Office
Divaris Real Estate Inc DC Regional Office
Listed by Divaris Real Estate Inc DC Regional Office
$1,600,000
637 days on market
Updated 13 days ago

2621 Pocoshock Boulevard

Details
APN 762-69-57-71-900-000
Property Type Retail
Sub Type Commercial, Freestanding
Square Footage 4,950
Net Rentable (SqFt) 4,950
Cap Rate 6.15%
Occupancy 100%
Tenancy Single
Brand/Tenant KinderCare Learning Centers
Lease Type NNN
Lease Term 10
Remaining Term 10
Lease Options 2 x 5-year
Price per SqFt $323
Year Built 1985
Acreage 1.050
Zoning C2 (Neighborhood Business District)

Net Leased Kindercare for Sale

Marketing description

Divaris Real Estate, Inc., as the exclusive representative, is pleased to offer for sale this single-tenant net leased opportunity at 2621 Pocoshock Blvd in Richmond, Virginia. The subject property is an approximately 5,000 SF freestanding retail building with two fenced-in outdoor play areas situated at the intersection of Hull Road and Pocoshock Blvd. The property is operated as a KinderCare childcare facility and has been continuously occupied by KinderCare at this location for over 35+ years. Located in the Manchester submarket, the property is only 7 miles Southwest of Dowtown Richmond. KinderCare has signed a new 10-year absolute triple net lease with two five (5) year options to renew and no termination rights offering an investor stable income for the foreseeable future.

2621 Pocoshock Blvd is located in Richmond, Virginia, just off Route 360 and close to the intersection of Route 150 and Route 360. Richmond, the capital of Virginia and seat of Richmond City, lies 100 miles south of Washington, D.C., and roughly the same distance east of Charlottesville. Major highways servicing the city include Interstates I-64 and I-95, and U.S. Routes 1, 33, and 60. Richmond is the 4th largest city in Virginia, with an estimated population of 229,395 as of 2022.

Investment highlights

  • New 10-year absolute NNN Lease
  • KinderCare has been operational at his location for 35+ years
  • The facility runs at full capacity with a waiting list
  • Tenant is responsible for structural portions of the building including the roof and air conditioning
  • No Landlord Responsibilities
  • Term 10 Years Effective September 1st, 2024
  • Rent $98,200 (Years 1-5) $105,500 (Years 6-10)
  • Renewal Options 2 x 5-year

Listing Contacts

EU
VA 0225097564, DC SP98377091
Divaris Real Estate Inc DC Regional Office
Divaris Real Estate Inc DC Regional Office
Listed by Divaris Real Estate Inc DC Regional Office

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Additional Information

Name
Erik Ulsaker
License
0225097564
Brokerage
Divaris Real Estate, Inc.
Title
Executive Vice President
Brokerage Address
8150 Leesburg Pike
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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