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Property profile & analytics
OFF-MARKET
Drive through restaurants

5400 Broad St Richmond, VA 23230-2630

3,367 SF 0.94 ac lot Built 1992
Entity Owned 16-yr Hold Free & Clear
Property ID
US87-0373839
Property summary
AI-generated overview

Willow Place, a Class B retail center located at 5400 W Broad St in Richmond, Virginia (zip code 23230), offers exceptional leasing opportunities. This Henrico County property boasts a total of 43,881 square feet, currently 100% vacant and ready for immediate occupancy. The property sits on a 0.91-acre lot and is configured for multiple tenants. Flexible space options are available, ranging from a minimum of 1,280 square feet to a maximum contiguous space of 25,000 square feet, making it ideal for a variety of retail businesses. The property's storefront design provides excellent street visibility and accessibility for customers. Its "Strip Front" configuration offers individual units with independent entrances, enhancing tenant privacy and operational independence. The property's location on W Broad St provides high traffic volume and exposure to a large customer base. This is a rare opportunity to secure a significant retail presence in a thriving Richmond commercial corridor. The property is classified as a multi-tenant retail space, offering a diverse range of possibilities for businesses seeking a prominent location in a busy area. Contact us today to learn more about leasing options and to schedule a viewing.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1992
Total area 3,367 SF
Lot 0.94 ac (40,729 SF)
Zoning code M-1
APN 772-739-6203
UPID US87-0373839
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
  • Bank of America ATM (Drive-thru) Atm
  • Shake Shack Willow Place Restaurant
  • Willow Place Shopping Center Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Sauer Properties INC · 16 yrs held
Sauer Properties INC
since 2009
2 recorded transactions
2009
$2.0M
2007
Price N/A
Zoning & alternative use
M-1 · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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