8711 W Broad St
Richmond, VA 23294
Local commercial Bien À vendre

This property presents an investment opportunity along the highly traveled West Broad Street corridor in Henrico County. The building, totaling approximately 18,732 square feet, has been recently renovated with a new roof, HVAC system, lighting, and asphalt improvements. Positioned on 1.41 acres, the site offers excellent visibility and signage along a major retail artery, ensuring strong exposure to consistent traffic volumes.
The asset is offered as a sale-leaseback, with the seller committing to a five-year NNN lease at $35,000 per month, featuring 3% annual escalations. This structure provides stable income with a projected NOI of $420,000 annually and a cap rate of 9.3%. Zoned B-3 and B-2, the property accommodates a range of retail and showroom uses, supported by a functional layout that includes approximately 3,540 square feet of warehouse space and one dock.
With a sale price of $4,500,000, this property combines long-term income security with a location in a thriving commercial corridor, making it an attractive option for investors seeking reliable returns and strong market fundamentals.