2151 Pocahontas Trl Quinton, VA 23141-1634

Property Details for 2151 Pocahontas Trl

Lot size

1.37 lot acres

Zone code

BUS

Property type

Commercial land

APN

19 42

APU

1942

Description

This exceptional investment opportunity presents a brand-new, 2024-constructed Starbucks located at 2151 Pocahontas Trail, Quinton, VA 23141. The property boasts a 2,500 square foot building on a 1.38-acre lot with 41 parking spaces. The property benefits from a highly visible location directly off the I-64 on/off ramp (76,000 VPD) and enjoys excellent access from Pocahontas Trail (14,000+ VPD), situated near a signalized intersection with combined traffic exceeding 133,600 VPD. The tenant is Starbucks, a Fortune 500 company with an investment-grade credit rating, providing a strong corporate guarantee. The NN+ lease commenced April 25, 2024, and expires September 30, 2034, offering a remaining term of 9.9 years with 10% rent bumps every five years, providing a hedge against inflation. The lease includes six, five-year options. The property features a new 20-year roof warranty transferable to the buyer. The asking price is $2,937,000, with a current NOI of $168,900 and a 5.75% cap rate. The property is situated in a thriving retail corridor with numerous national brands, including McDonald's, Walgreens, and others, and is approximately a 10-minute drive from Richmond International Airport. This is a rare opportunity to acquire a high-performing, low-risk investment with a blue-chip tenant in a prime location. There is no kick-out clause in the lease. The property is classified as Class B retail, with 100% occupancy.