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.