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    2621 Pocoshock Blvd Richmond, VA 23235

    Sponsored
    For Sale
    $1,600,000

    NNN Leased KinderCare, High Occupancy

    Property size:
    4,950 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 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

    HighLights

    • 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.
    • Tenant responsible for building structure, roof, and HVAC.
    • Zero Landlord Responsibilities.
    • 10‑Year Lease commencing September 1, 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pocoshock KinderCare Day Care Center

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    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.
    (571) 455-7021
    Request Owner's contact information
    2621 Pocoshock Blvd Richmond, VA 23235
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    Richmond, VA 23235
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2621 Pocoshock Blvd Richmond, VA 23235
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