2621 Pocoshock Blvd Richmond, VA 23235
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NNN Leased KinderCare, High Occupancy
Property size:
4,950 SFProperty Features for 2621 Pocoshock Blvd
General Information
- Property type
- Retail properties
- Square Feet
- 4,950 SF
- Lot Size
- 45,738 SF
Building Details
- Year Built
- 1985
Listing Agency: DIVARIS REAL ESTATE, INC Listing Agent: Erik Ulsaker
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Exceptional investment opportunity: a 4,950 sq ft retail property in Richmond, VA, fully occupied by KinderCare Learning Centers under a new 10-year absolute NNN lease (commencing September 1st, 2024). The lease features a strong 6.15% cap rate and rent escalations to $105,500 annually in years 6-10 from $98,200 in years 1-5. Located on a 1.05-acre lot at 2621 Pocoshock Blvd, this property boasts a prime location within the C2 (Neighborhood Business District) zoning. Built in 1985, the building is well-maintained and benefits from the tenant's responsibility for structural components, including roof and HVAC, eliminating landlord responsibilities. The KinderCare facility has operated at this location for over 35 years and currently runs at full capacity with a waiting list, indicating strong tenant performance and market demand. The property's asking price is $1,600,000, translating to a price per square foot of $323.23. Two 5-year renewal options are included in the lease agreement, providing long-term stability and predictable income. This is a rare opportunity to acquire a passively managed, high-performing retail investment with significant upside potential. The property's APN is 762-69-57-71-900-000.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Pocoshock KinderCare
Daycare Center
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Chesterfield
- State
- Virginia
- Longitude
- -77.5356803
- Latitude
- 37.4676346
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FAQs
What type of property is this?
Retail property - NNN Leased KinderCare, High Occupancy
Where is this retail property located?
The property is located at 2621 Pocoshock Blvd Richmond, VA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: New 10-Year Absolute NNN Lease with KinderCare.; KinderCare's 35+ year history at this location.; Property operates at full capacity with a waiting list.
