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4330 S Laburnum Ave, Richmond, VA 4356 S Laburnum Ave, Henrico, VA 4396 S Laburnum Ave, Henrico, VA
Laburnum Park Shopping Center
Asset ClassRetail
Rentable SF61,060
January 2025 Occupied Shopping Center Offering
overview of deal

Overview

  • 92.14% occupied service-oriented retail center just outside of Richmond, VA and immediately south of an I-64 exit ramp.
  • Shadow anchored by Gold’s Gym and DaVita, and across the street from White Oak Village Shopping Center - a 900,000 SF power center.
  • Attractive tenant mix with Dollar Tree, Union Bank & Trust, dining, and range of service retail.
  • Existing vacancy allows prospective investors to add value through leasing.
  • Strong operational history with consistent leasing at replaceable rental rates.
  • Efficient access at the signalized corner of S. Laburnum Ave and Gay Avenue and immediately south of the I-64 exit ramp.
Access the Data Room

Investment Highlights

Asking Price | $9,200,000

Rentable SF | 61,060 SF

Price/SF | $150.67

2023 NOI | $675,087

Pro Forma 2025 NOI | $831,381

Pro Forma 2025 CAP Rate | 9.03%

Occupancy Jan. '25 | 92.14%

WALT Jan. ‘25 | 94 Months

Lot Size | 8.02 AC

Frontage | S. Laburnum Avenue

Year Built | 1988

APN | 813-717-5694 & 813-718-3037 & 8415

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4330 S Laburnum AveRichmond, VA 23231

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