11200 W Broad St - Storefront FOR SALE


Glen Allen, VA 23060
$8,244,756 USD
714-267-8582
11200 W Broad St, Glen Allen, VA for Sale
$8,244,756 USD
Storefront - FOR SALE
1/2
null | 7.5% Cap Rate

11200 W Broad St
Glen Allen, VA 23060


HIGHLIGHTS

  • Below Market Rents - Tremendous Rental Upside - True Value Add
  • Absolute Net Bondable Lease
  • 7.5% Cap Rate
  • Oversized 6.13 Acre Parcel
  • No Vacant Available Big Boxes
  • Strong MidAtlantic Retail Corridor

OVERVIEW

This investment opportunity is uniquely positioned in the heart of Short Pump, one of the most affluent and high growth retail submarkets in the Mid-Atlantic. At $13.62 PSF, the rent is significantly below market for this corridor, providing a “safety net” for an investor through a low basis and massive intrinsic real estate value. This is not just a passive income play; it is a strategic real estate acquisition. With only 3.5 years remaining on the primary term and a rent of $13.62 PSF, the asset offers a rare “win-win” scenario: 1. If Best Buy Renews: The investor continues to collect stable, bond-like income from an investment grade tenant in a trophy location. 2. If Best Buy Vacates: The owner recaptures a 6.13-acre site in the most desirable retail pocket of Richmond, where market rents for similar big-box spaces often exceed $20-25 PSF.

FOR SALE DETAILS

PRICE

$8,244,756 USD

PRICE/SF

$270 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Buy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

425

LAND DETAILS

CROSS STREETS

I 64

LAND ACRES

6.13 AC

LAND SF

266,849 SF

ZONING

M-1C

APN/PARCEL ID

743-761-2163

ASK ABOUT THIS PROPERTY

Paul BitontiMarcus & MillichapMore Info
714-267-8582

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Paul BitontiMarcus & MillichapMore Info
714-267-8582

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.