← Back to search
Photography available after free registration below
Virtual Drive-By

Best Buy Absolute NNN

11200 West Broad Street · Glen Allen, VA 23060 · Grocery / Big Box

Asking price
$8,244,756
Cap rate
7.50%
NOI
$618,356

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeAbsolute NNN
Term remaining
Expiration10/2029
Rent bumps
Options
Ground lease
Credit profile
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF45,391
Price / SF$182
Year built1999
Lot size6.13 ac
TypeRetail
Days on market87

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​TROPHY "MAIN & MAIN" LOCATION - Situated directly on West Broad Street (U.S. Route 250) with exposure to over 45,000 VPD. The property is a primary anchor to the West Broad retail corridor, sitting less than a mile from the Short Pump Town Center, a premier 1.3M SF open-air mall.
  • ​OVER-SIZED PARCEL (6.13 ACRES) - In a market as dense as Short Pump, a contiguous 6-acre parcel is nearly impossible to assemble. The underlying land value provides a significant floor to the investment, offering long-term redevelopment potential for mixed-use, medical, and high density retail. And/or the addition for QSR.
  • ​SIGNIFICANT RENT UPSIDE (MARK-TO-MARKET) - The current rent of $13.62 PSF is remarkably low for this submarket. Average NNN rents in Short Pump for premium retail space have trended toward $22—$30 PSF. This creates a compelling "alpha" opportunity for an investor to capture a 60%+ increase in yield.
  • ​EXCEPTIONAL DEMOGRAPHICS - The surrounding 3-mile radius boasts an average household income exceeding $160,000, with a population that has grown by double digits over the last decade. This high-disposable-income consumer base is the primary reason Best Buy has successfully occupied this site since 1999.
  • ​SUPERIOR ACCESSIBILITY - The site features multiple points of ingress/egress and is located immediately adjacent to the I-64 interchange, providing seamless access for the entire Greater Richmond MSA.

Property overview

This investment opportunity is uniquely positioned in the heart of Short Pump, one of the most affluent and high-growth retail submarkets in the Mid-Atlantic.​ At $13.62 PSF, the rent is significantly below market for this corridor, providing a "safety net" for an investor through a low basis and massive intrinsic real estate value.​

Take the next step on this property

We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.

Register to view photography and request the offering memorandum

Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.

Optional. On time-sensitive listings a call reaches you faster than email. We will not use it for automated calls or texts.

Asking-market observation aggregated from public listing sources, last observed Sep 4, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.