2621 Pocoshock Boulevard
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
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