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Property profile & analytics
OFF-MARKET
Turn key restaurants

10073 Brk Rd Glen Allen, VA 23059

5,771 SF 1.38 ac lot Built 2003
Individually Owned 8-yr Hold ~ Est. High Equity
Property ID
US87-0964728
Property summary
AI-generated overview

This exceptional investment opportunity presents a 5,771 square foot restaurant situated on a 1.38-acre lot in Glen Allen, Virginia. The property, located at 10073 Brook Road, zip code 23059, boasts a desirable B3-C zoning classification. Built in 2003, this single-story building offers a single tenancy and presents a compelling 5.20% cap rate at an asking price of $2,500,000. The property benefits from its strategic location, positioned as an outparcel between Regal Cinemas and a significant new development: the Henrico County Sports Complex. Scheduled for completion in September 2023, this complex will feature 12 basketball courts, 24 volleyball courts, gymnastics facilities, and seating for up to 4,500. Further enhancing the area's appeal are plans for two hotels and new residential housing at the former mall site. This prime location offers exceptional growth potential, making it an attractive investment for discerning buyers seeking a high-return restaurant property in a rapidly developing area. The property's existing infrastructure and prime location within Henrico County provide a solid foundation for continued success and future expansion. This is a rare opportunity to acquire a well-established restaurant in a high-growth area with significant future development.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2003
Total area 5,771 SF
Lot 1.38 ac (60,287 SF)
Zoning code B-3C
APN 784-770-7526
UPID US87-0964728
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pho Que Huong Restaurant
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Thi Nguyen Hongmai · 8 yrs held
Thi Nguyen Hongmai
since 2018
1 recorded transaction
2018
$720,000
Zoning & alternative use
B-3C · Glen Allen, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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