Starbucks Richmond, VA

6890 Forest Hill Avenue
Richmond, VA

Price: $2,599,000
Cap Rate: 5.00%
NOI: $129,907
Building Size: Approx. 2,228 Sq. Ft.
Lot Size: Approx. 0.61 Acres
Type: Single-Tenant / Retail
Sub Category: Casual Dining
Year Built: 2019

Investment Overview

  • 2019 Construction. 2,228+/- SF Building on .61+/- Acre Site
  • New 10 Year Corp Lease w/ 10% Rent Bumps Every 5 Years
  • RELOCATION from a successful inline non drive-thru location
  • Located along Forest Hill Ave (30K VPD) & Hwy 150 (70K VPD)
  • Across Target, Publix, Walmart and Kroger Marketplace Center
  • Proximity to multiple schools with approximately 3,072 students
  • 3-Miles: AVG HH Income $107,717 with Est Population: 71,881
  • 8-Miles west of downtown Richmond (Capital City of Virginia)
  • Major Industries: Health Care, Finance & Insurance, & Educational
  • Home to University of Richmond and many more top U.S universities
  • Greater Richmond  Region (MSA) | 3rd most populous metro in Virginia