601 Southlake BlvdRichmond, VA 23236

Property Details for 601 Southlake Blvd

Year built

1977

Lot size

1.00 AC

Property size (Sq ft)

13,751 SF

Zone code

I1 - LT INDUSTRIAL DIST

Property type

Industrial properties

APN

745-70-70-40-700-000

APU

745707040700000

Description

This exceptional investment opportunity presents a brand-new, 17,694 square-foot Guidepost Montessori daycare center in Richmond, Virginia. Located on a 2.06-acre lot at 601 Southlake Blvd, Chesterfield County, zip code 23236, this freestanding retail property boasts a 20-year corporate net lease (NNN) with a strong 7.20% cap rate and a substantial net operating income (NOI) of $561,000. The lease includes annual rent bumps of 2%, ensuring consistent income growth. The tenant, Guidepost Montessori, is the world's largest Montessori school operator, providing financial stability and growth potential. This property benefits from its strategic location in a thriving, affluent Richmond neighborhood, surrounded by major employers and a significant US Military population exceeding 100,000. The tenant's approval as a Department of Defense Child Care Provider further solidifies the investment's strength and long-term viability. The property's excellent residential demographics, with approximately 141,000 residents and average household incomes of $114,782 within a 5-mile radius, contribute to its high demand and strong occupancy rates. The lease includes four, 5-year options, providing additional long-term security and flexibility. The asking price is $7,792,000, translating to a price per square foot of $440.38. This is a rare opportunity to acquire a high-performing, net-leased asset with exceptional growth potential in a prime location.

• Alternative Use

  Use

  Valuation

  Residential

  $3,320,379

  Hospitality

  $3,041,449

  Educational

  $2,530,450

  Medical

  $2,617,476

  Retail

  $3,936,256

Location Insight

City

North Chesterfield

County

Chesterfield

State

Virginia

Latitude

37.5006

Longitude

-77.5964

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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