11200 W BROAD ST Glen Allen VA 23060-5815

This investment opportunity is uniquely positioned in the heart of Short Pump, one of the most affluent and high-growth retail submarkets in the Mid-Atlantic.​ At $13.62 PSF, the rent is significantly below market for this corridor, providing a "safety net" for an investor through a low basis and massive intrinsic real estate value.​

• ​TROPHY "MAIN & MAIN" LOCATION - Situated directly on West Broad Street (U.S. Route 250) with exposure to over 45,000 VPD. The property is a primary anchor to the West Broad retail corridor, sitting less than a mile from the Short Pump Town Center, a premier 1.3M SF open-air mall.
• ​OVER-SIZED PARCEL (6.13 ACRES) - In a market as dense as Short Pump, a contiguous 6-acre parcel is nearly impossible to assemble. The underlying land value provides a significant floor to the investment, offering long-term redevelopment potential for mixed-use, medical, and high density retail. And/or the addition for QSR.
• ​SIGNIFICANT RENT UPSIDE (MARK-TO-MARKET) - The current rent of $13.62 PSF is remarkably low for this submarket. Average NNN rents in Short Pump for premium retail space have trended toward $22—$30 PSF. This creates a compelling "alpha" opportunity for an investor to capture a 60%+ increase in yield.
• ​EXCEPTIONAL DEMOGRAPHICS - The surrounding 3-mile radius boasts an average household income exceeding $160,000, with a population that has grown by double digits over the last decade. This high-disposable-income consumer base is the primary reason Best Buy has successfully occupied this site since 1999.
• ​SUPERIOR ACCESSIBILITY - The site features multiple points of ingress/egress and is located immediately adjacent to the I-64 interchange, providing seamless access for the entire Greater Richmond MSA.

This investment opportunity is uniquely positioned in the heart of Short Pump, one of the most affluent and high-growth retail submarkets in the Mid-Atlantic. At $13.62 PSF, the rent is significantly below market for this corridor, providing a "safety net" for an investor through a low basis and massive intrinsic real estate value.

This is not just a passive income play; it is a strategic real estate acquisition. With only 3.5 years remaining on the primary term and a rent of $13.62 PSF, the asset offers a rare "win-win" scenario:

1. If Best Buy Renews: The investor continues to collect stable, bond-like income from an investment-grade tenant in a trophy location.

2. If Best Buy Vacates: The owner recaptures a 6.13-acre site in the most desirable retail pocket of Richmond, where market rents for similar big-box spaces often exceed $20–$25 PSF.

• Situated directly on West Broad Street (U.S. Route 250) with exposure to over 45,000 VPD. The property is a primary anchor to the West Broad retail corridor, sitting less than a mile from the Short Pump Town Center, a premier 1.3M SF open-air mall.
• In a market as dense as Short Pump, a contiguous 6-acre parcel is nearly impossible to assemble. The underlying land value provides a significant floor to the investment, offering long-term redevelopment potential for mixed-use, medical, and high density retail. And/or the addition for QSR.
• The current rent of $13.62 PSF is remarkably low for this submarket. Average NNN rents in Short Pump for premium retail space have trended toward $22–$30 PSF. This creates a compelling "alpha" opportunity for an investor to capture a 60%+ increase in yield.
• The surrounding 3-mile radius boasts an average household income exceeding $160,000, with a population that has grown by double digits over the last decade. This high-disposable-income consumer base is the primary reason Best Buy has successfully occupied this site since 1999.
• The site features multiple points of ingress/egress and is located immediately adjacent to the I-64 interchange, providing seamless access for the entire Greater Richmond MSA.