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Absolute Net Convenience Store
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4300 Nine Mile Rd, Richmond, VA 23223

Absolute net leased convenience store in a densely populated area near I-64.

Property SizeContact for details
Days on Market564

Property Features for 4300 Nine Mile Rd

General Information

Standard status Active
Property subtype RETAIL

Additional Details

Highway Access Yes
Listing Agency: Marcus & Millichap | Washington D.C.
Listed By: Brian Hosey · License #(S):VA:0225247494
Source: Moodyscre
Added: Jan 22, 2025 Changed: Aug 8 Last Checked: Aug 8 at 8:26PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | Washington D.C.

Investment Insights

Based on property information with market context.

This absolute net lease convenience store property is offered for sale as an NNN asset. The offering is described as qualifying for accelerated depreciation and is associated with a leading U.S. convenience store operator. The investment structure is presented as a true NNN arrangement.

The property is located at 4300 Nine Mile Rd in Richmond, VA 23223, in a densely populated area and near I-64, based on the remarks provided.

As presented in the offering information, the property is positioned as a convenience-focused retail asset with an absolute net lease structure.

Key Highlights

  • Absolute net lease convenience store
  • Qualifies for accelerated depreciation
  • Tenant: leading U.S. convenience store operator (NASDAQ: ARKO)

Property Analytics

Current Use

Q Mart Petan ... Grocery & Convenience Store Bitcoin Depot | Bitcoin ... Atm Bitcoin Depot ATM Atm Citgo Gas Station

Suggested Use

Top Pick Real Estate Agency Dental Office Spa & Massage Center Law Firm Hair Salon Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

435
Businesses Nearby
Under-served
Demand for This Use

Demographics for 23223, VA

51,960
Population
27,141
Households
1.9
Avg Household Size
35
Median Age
32%
College-Educated
90%
High-School Grad
16.7 sq mi
ZIP Area
3,111
Density / Sq Mi
$56,518
Median Household Income
$39,828
Median Earnings
$1,224
Median Rent
$236,300
Median Home Value

Market

Vacancy Rate% for Retail in Richmond, VA

6.9% 2019
7.5% 2020
7% 2021
5.2% 2022
4.2% 2023
4.9% 2024
5.7% 2025
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Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Absolute net leased convenience store in a densely populated area near I-64.
Where is this grocery and convenience store located?
The property is located at 4300 Nine Mile Rd Richmond, VA.
What is the asking price?
The asking price for this property is $1,046,400.
What are key features of this property?
This property features: Absolute net lease convenience store; Qualifies for accelerated depreciation; Tenant: leading U.S. convenience store operator (NASDAQ: ARKO)
(202) 536-3700 Call to check price and availability
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