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Kindercare 2621 Pocoshock Blvd

4,950 SF Retail Building Richmond, VA 23235 $1,600,000 ($323/SF) 6.15% Cap Rate

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Investment Highlights

New 10-year absolute NNN Lease
The facility runs at full capacity with a waiting list
No Landlord Responsibilities

KinderCare has been operational at his location for 35+ years
Tenant is responsible for structural portions of the building including the roof and air conditioning

Executive Summary

Divaris Real Estate, Inc., as the exclusive representative, is pleased to offer for sale this single-tenant net leased opportunity at 2621 Pocoshock Blvd in Richmond, Virginia. The subject property is an approximately 5,000 SF freestanding retail building with two fenced-in outdoor play areas situated at the intersection of Hull Road and Pocoshock Blvd. The property is operated as a KinderCare childcare
facility and has been continuously occupied by KinderCare at this location for over 35+ years.
Located in the Manchester submarket, the property is only 7 miles Southwest of Dowtown Richmond. KinderCare has signed a new 10-year absolute triple net lease with two five (5) year options to renew and no termination rights offering an investor stable income for the foreseeable future.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Day Care Center

Building Size

4,950 SF

Building Class

Year Built

1985

Price

$1,600,000

Price Per SF

$323

Cap Rate

6.15%

NOI

$98,400

Tenancy

Single

Building Height

1 Story

Building FAR

0.11

Lot Size

1.08 AC

Zoning

C-2 - Neighborhood Business District

Frontage

455 FT on Pocoshock Boulevard

MAJOR TENANTS

Health Care and Social Assistance
4,950 SF
-
Triple Net
-

While your child is very young, every learning moment counts! That’s why KinderCare's child care programs put education first—even for the tiniest babies—because every adorable coo, crawl, and creation is proof that they’re ready for more than just daycare. Instead of pulling an existing curriculum off the shelf, KinderCare has a dedicated Education team that builds (and refines) their own research-based curriculum to meet the needs of your little learner. They’ve knit together the best parts of leading educational philosophies to make one standout approach you won’t find anywhere but KinderCare. It’s called Early Foundations®.