11500 W Broad St - Convenience Store FOR SALE


Richmond, VA 23233
$7,800,000 USD
202-286-1542
11500 W Broad St, Richmond, VA for Sale
$7,800,000 USD
Convenience Store - FOR SALE
1/5
null | 5% Cap Rate

11500 W Broad St
Richmond, VA 23233


HIGHLIGHTS

  • Brand New 20-Year Lease | Scheduled Rental Increases | Corporate Signed Lease | Established & Growing Brand
  • Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities
  • Next to Short Pump Village, Short Pump Town Center | Dense Retail Corridor | Adjacent to Walmart Supercenter
  • Rare Henrico County Retail Opportunity | High Barriers To Entry | Growing Area with Numerous Surrounding Developments
  • Located Along W Broad St | Signalized, Hard Corner Intersection | Excellent Visibility & Access
  • Strong Demographics In 5-mile Trade Area

OVERVIEW

• The tenant recently signed a brand new 20-year lease with 7 (5-year) options to extend, demonstrating their commitment to the site • The lease features 10% rent increases every five years beginning year 11 • Founded in 1952, Sheetz is among America’s fastest-growing, family-owned and operated convenience store chains with over 800 locations. Implied investment grade credit; #43 Forbes Top Private Companies

FOR SALE DETAILS

PRICE

$7,800,000 USD

PRICE/SF

$1,560 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Proposed

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Sheetz - Richmond (Short Pump) VA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2027

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,783 SF

ZONING

M-1

APN/PARCEL ID

739-762-8217

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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