2061 Huguenot Rd North Chesterfield, VA 23235-4306
- Retail space
- 6,565 SF
- 0.83 lot acres
Current Use by Public Records
- Maple Street Biscuit Company / Breakfast Restaurant
Property Details for 2061 Huguenot Rd
- Year built
- 1997
- Lot size
- 0.83 lot acres
- Property size
- 6,565 SF
- Zone code
- C3 - COMMUNITY BUS DIST
- Property type
- Retail space
- APN
- 740-71-45-36-700-000
- APU
- 740714536700000
Description
This exceptional investment opportunity presents a fully-leased, three-tenant retail strip center totaling 6,565 square feet, situated on a 0.834-acre lot at 2061 Huguenot Road in Richmond, Virginia. The property, built in 1997 and renovated in 2020, boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $183,698 and a 6.50% cap rate. The asking price is $2,826,130, translating to $430.48 per square foot. Tenants include Maple Street Biscuit Company (with a corporate guaranty from Cracker Barrel Old Country Store Inc.), Fusion Bowl, and Hot Yoga Barre. This single-story building benefits from excellent visibility at a signalized corner, positioned as an outparcel to a Publix-anchored shopping center. The location enjoys high traffic counts on Huguenot Road (33,000 vehicles per day) and Robious Road (18,000 vehicles per day), serving the affluent Midlothian suburb of Richmond. Nearby prominent retailers include Starbucks, Outback Steakhouse, and Sheetz, further enhancing the property's desirability. The property's location within a high-income area, with average household incomes exceeding $150,000 within a three-mile radius, ensures a stable and lucrative investment. The property is offered fee simple. The APN is 740714536700000. This is a rare opportunity to acquire a high-performing retail asset in a prime location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,650,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,795,000
- 6.5%
- $2,530,000
- 7%
- $2,685,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,630,000
- Geo Method
- $2,550,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,190,000
- Retail
- $2,840,000
- Mixed-Use
- $2,500,000
- Hospitality
- $2,215,000
- Educational
- $2,545,000
- Residential Income
- $2,485,000
- Energy
- $2,710,000
- Income-Based Land
- $2,345,000
- Food Service
- $2,835,000
Location Insight
- Map
- Local Demand
- City
- North Chesterfield
- County
- Chesterfield
- State
- Virginia
- Longitude
- -77.6118
- Latitude
- 37.5216
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
