For Sale
$2,937,000

2151 Pocahontas TrlQuinton, VA 23141

High-return, corporate-guaranteed lease.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a brand-new, 2024-constructed Starbucks located at 2151 Pocahontas Trail, Quinton, VA 23141. The property boasts a 2,500 square foot building on a 1.38-acre lot with 41 parking spaces. The property benefits from a highly visible location directly off the I-64 on/off ramp (76,000 VPD) and enjoys excellent access from Pocahontas Trail (14,000+ VPD), situated near a signalized intersection with combined traffic exceeding 133,600 VPD. The tenant is Starbucks, a Fortune 500 company with an investment-grade credit rating, providing a strong corporate guarantee. The NN+ lease commenced April 25, 2024, and expires September 30, 2034, offering a remaining term of 9.9 years with 10% rent bumps every five years, providing a hedge against inflation. The lease includes six, five-year options. The property features a new 20-year roof warranty transferable to the buyer. The asking price is $2,937,000, with a current NOI of $168,900 and a 5.75% cap rate. The property is situated in a thriving retail corridor with numerous national brands, including McDonald's, Walgreens, and others, and is approximately a 10-minute drive from Richmond International Airport. This is a rare opportunity to acquire a high-performing, low-risk investment with a blue-chip tenant in a prime location. There is no kick-out clause in the lease. The property is classified as Class B retail, with 100% occupancy.

Highlights

  • Brand-new (2024) construction with a Starbucks tenant.
  • Investment-grade (BBB+, S&P) corporately guaranteed lease.
  • New 10-year, 3-month lease with 10% annual rent increases and renewal options; no kick-out clause.
  • 20-year roof warranty transferable at closing.
  • Excellent visibility and access via I-64 (76,000 VPD) on/off ramps.
  • Adjacent to a new Arby's.

Property Details for 2151 Pocahontas Trl

Property type
Retail properties, Restaurants
Square Feet
2,500 SF
Class
B
Year Built
2024
Buildings
1
Lot Size (sq. ft)
60,113 SF
Units
1

Location Insight

City
Quinton
County
New Kent
State
Virginia
Latitude
37.5165624
Longitude
-77.1843019
2151 Pocahontas Trl, Quinton, Virginia

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2151 Pocahontas Trl
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