For Sale
$2,500,000

10073 Brook RdGlen Allen, VA 23059

Prime Restaurant Location, High-Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 5,771 square foot restaurant situated on a 1.38-acre lot in Glen Allen, Virginia. The property, located at 10073 Brook Road, zip code 23059, boasts a desirable B3-C zoning classification. Built in 2003, this single-story building offers a single tenancy and presents a compelling 5.20% cap rate at an asking price of $2,500,000. The property benefits from its strategic location, positioned as an outparcel between Regal Cinemas and a significant new development: the Henrico County Sports Complex. Scheduled for completion in September 2023, this complex will feature 12 basketball courts, 24 volleyball courts, gymnastics facilities, and seating for up to 4,500. Further enhancing the area's appeal are plans for two hotels and new residential housing at the former mall site. This prime location offers exceptional growth potential, making it an attractive investment for discerning buyers seeking a high-return restaurant property in a rapidly developing area. The property's existing infrastructure and prime location within Henrico County provide a solid foundation for continued success and future expansion. This is a rare opportunity to acquire a well-established restaurant in a high-growth area with significant future development.

Highlights

  • 5,771 SF restaurant on 1.38-acre lot in Glen Allen, VA.
  • B3-C zoning.
  • Outparcel between Regal Cinemas and the new Henrico County Sports Complex (opening September 2023).
  • Sports complex features 12 basketball courts, 24 volleyball courts, and gymnastics facilities, with seating for up to 4,500.
  • Planned development includes two hotels and new residential housing.

Property Details for 10073 Brook Rd

Property type
Retail properties, Restaurants
Square Feet
5,771 SF
Year Built
2003
Buildings
1
Stories
1
Lot Size (sq. ft)
60,113 SF

Location Insight

City
Glen Allen
County
Henrico
State
Virginia
Latitude
37.672968
Longitude
-77.457127
10073 Brook Rd, Glen Allen, Virginia

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10073 Brook Rd
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