For Sale
$2,826,130

2061 Huguenot RdRichmond, VA 23235

High-yield, fully leased strip center in affluent area.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a fully-leased, three-tenant retail strip center totaling 6,565 square feet, situated on a 0.834-acre lot at 2061 Huguenot Road in Richmond, Virginia. The property, built in 1997 and renovated in 2020, boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $183,698 and a 6.50% cap rate. The asking price is $2,826,130, translating to $430.48 per square foot. Tenants include Maple Street Biscuit Company (with a corporate guaranty from Cracker Barrel Old Country Store Inc.), Fusion Bowl, and Hot Yoga Barre. This single-story building benefits from excellent visibility at a signalized corner, positioned as an outparcel to a Publix-anchored shopping center. The location enjoys high traffic counts on Huguenot Road (33,000 vehicles per day) and Robious Road (18,000 vehicles per day), serving the affluent Midlothian suburb of Richmond. Nearby prominent retailers include Starbucks, Outback Steakhouse, and Sheetz, further enhancing the property's desirability. The property's location within a high-income area, with average household incomes exceeding $150,000 within a three-mile radius, ensures a stable and lucrative investment. The property is offered fee simple. The APN is 740714536700000. This is a rare opportunity to acquire a high-performing retail asset in a prime location.

Highlights

  • Fully-leased, three-tenant retail strip center totaling 6,565 square feet.
  • Outparcel to a Publix-anchored shopping center with 100% occupancy.
  • Excellent visibility at a signalized corner intersection with high traffic counts.
  • Strong surrounding retail presence including national and regional tenants.
  • Located in a high-income area of Richmond, VA with average household incomes exceeding $150,000 within a three-mile radius.

Property Details for 2061 Huguenot Rd

Property type
Lifestyle centers, Power centers
Square Feet
6,565 SF
Year Built/Renovated
1997/2020
Buildings
1
Stories
1
Lot Size (sq. ft)
36,329 SF

Location Insight

City
Richmond
County
Chesterfield
State
Virginia
Latitude
37.521892772005
Longitude
-77.611762862383
2061 Huguenot Rd, Richmond, Virginia

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2061 Huguenot Rd
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