2151 Pocahontas TrlQuinton, VA 23141

Property Details for 2151 Pocahontas Trl

Lot size

1.37 AC

Zone code

BUS

Property type

Land

Property subtype

Commercial land

APN

19 42

APU

1942

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $12,673,304

  Hospitality

  $11,608,678

  Educational

  $9,658,284

  Medical

  $9,990,447

  Retail

  $15,023,998

Location Insight

City

Quinton

County

New Kent

State

Virginia

Latitude

37.5107

Longitude

-77.194

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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