2621 Pocoshock Blvd Richmond, VA 23235
- Day care centers
- 4,950 SF
- 1.05 lot acres
Current Use by Public Records
- Pocoshock KinderCare / Day Care Center / Preschool
Property Details for 2621 Pocoshock Blvd
- Year built
- 1985
- Lot size
- 1.05 lot acres
- Property size
- 4,950 SF
- Zone code
- C2 - NBHD BUSINESS DIST
- Property type
- Day care centers
- APN
- 762-69-57-71-900-000
- APU
- 762695771900000
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Chesterfield
- County
- Chesterfield
- State
- Virginia
- Longitude
- -77.5357
- Latitude
- 37.4674
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
