1301 N Laburnum Ave
Richmond, VA 23223
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Newer construction building completed in 2019 with 13 plus remaining years in the initial lease term.
- Investment Grade Credit: 7-Eleven Corporate (S&P: AA-)
- Located on hard corner of North Laburnum Avenue and Creighton Road
- Ten Percent (10%) Rental Increases Every Five Years. Next increase scheduled for 2024.
- Four (4), Five (5)-Year Tenant Renewal Options
- Main Retail Corridor | Tenants include: CVS, Family Dollar, Dollar Tree, Jiffy Lube, Extra Space Storage, Citgo
PROPERTY FACTS
Property Type
Retail
Property Subtype
Service Station
Building Size
3,440 SF
Building Class
B
Year Built
2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.65 AC
Frontage
PROPERTY TAXES
| Parcel Number | 808-730-9615 | Improvements Assessment | $732,700 |
| Land Assessment | $287,400 | Total Assessment | $1,020,100 |
