601 Southlake Blvd North Chesterfield, VA 23236
- Industrial properties
- 13,751 SF
- 1.00 lot acres
Current Use by Public Records
- Guidepost Montessori at North Chesterfield / Montessori School
Property Details for 601 Southlake Blvd
- Year built
- 1977
- Lot size
- 1.00 lot acres
- Property size
- 13,751 SF
- Zone code
- I1 - LT INDUSTRIAL DIST
- Property type
- Industrial properties
- APN
- 745-70-70-40-700-000
- APU
- 745707040700000
Description
This exceptional investment opportunity presents a brand-new, 17,694 square-foot Guidepost Montessori daycare center in Richmond, Virginia. Located on a 2.06-acre lot at 601 Southlake Blvd, Chesterfield County, zip code 23236, this freestanding retail property boasts a 20-year corporate net lease (NNN) with a strong 7.20% cap rate and a substantial net operating income (NOI) of $561,000. The lease includes annual rent bumps of 2%, ensuring consistent income growth. The tenant, Guidepost Montessori, is the world's largest Montessori school operator, providing financial stability and growth potential. This property benefits from its strategic location in a thriving, affluent Richmond neighborhood, surrounded by major employers and a significant US Military population exceeding 100,000. The tenant's approval as a Department of Defense Child Care Provider further solidifies the investment's strength and long-term viability. The property's excellent residential demographics, with approximately 141,000 residents and average household incomes of $114,782 within a 5-mile radius, contribute to its high demand and strong occupancy rates. The lease includes four, 5-year options, providing additional long-term security and flexibility. The asking price is $7,792,000, translating to a price per square foot of $440.38. This is a rare opportunity to acquire a high-performing, net-leased asset with exceptional growth potential in a prime location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,655,000
- ML approach
- $1,355,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,455,000
- 6.5%
- $1,340,000
- 7%
- $1,245,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,215,000
- AI Estimate
- $1,637,000
Market price range: $820k - $2.22MMarket price range: $211k - $1.64M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,415,000 Current use
- AUTO REPAIR, GARAGE
- $2,505,000 Change: +77% Conversion: Easy
- MEDICAL BUILDING
- $2,290,000 Change: +62% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,260,000 Change: +59% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $2,210,000 Change: +56% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- North Chesterfield
- County
- Chesterfield
- State
- Virginia
- Longitude
- -77.5964
- Latitude
- 37.5006
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
