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January 8, 2021 Comments (0) Views: 431 D.C. Metro News, Washington, D.C. News

Richmond-Area Retail Property Trades for $1M

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JLL has arranged the $1.4 million sale of a 1,750-square-foot single-tenant retail building ground leased to Starbucks in the Richmond-area community of Chester, VA.

Built in 2008, the property has a fully entitled drive-through and is occupied by tenant Starbucks Corp., the world’s largest coffee house chain that has more than 31,000 locations across 80 markets. The property is situated at a busy intersection with approximately 64,000 vehicles a day and is only 700 yards from Interstate 95.

Brad Peterson, Michael Brewster, Jordan Lex, Maddie Davis and Joseph Naas of JLL represented the seller, GBT Realty Corp., in the transaction. An institutional owner purchased the property.

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