2240 E Parham Rd
Richmond, VA 23228
KinderCare · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 12+ Years Remaining on a Corporate Lease with KinderCare, the Largest Childcare Operator in the Country (+/- 1,500 Centers Nationally)
- Early Lease Extension to 12/31/33 Demonstrating Commitment to Site
- $121+ Million Spent on Education & Daycare in a 5-Mile Radius
- Buyer Shall Receive $5,706/month in additional rent from COE to 09/30/21 increasing the cap rate for 2021
- Absolute NNN Lease - No Expenses to Landlord
- 50.9% of Richmond's Population has Children
PROPERTY FACTS
Property Type
Retail
Property Subtype
Day Care Center
Building Size
6,260 SF
Building Class
B
Year Built
1989
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.87 AC
Zoning
R-6C
Parking
16 Spaces (2.55 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 775-758-0644 | Improvements Assessment | $678,900 |
| Land Assessment | $108,400 | Total Assessment | $787,300 |
