1214 Koger Center Blvd | North Chesterfield, VA 23235
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- LoopNet Team
1214 Koger Center Blvd
North Chesterfield, VA 23235
PET PARADISE · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- HIGH CALIBER OPERATOR – Pet Paradise is a comprehensive pet health care provider with 63 locations across 11 states.
- CLASS “A” REAL ESTATE – The property was recently constructed in 2022 and offers investors an investment with significant curb appeal.
- FAVORABLE DEMOGRAPHICS – North Chesterfield is an affluent community with a household income above the national average at $121,947.
- LONG-TERM ABSOLUTE NNN LEASE – The operator is on a long-term absolute NNN lease with over 18 years remaining, which minimizes roll over risk.
- HEDGE AGAINST INFLATION – The lease includes 2% annual rental increases, ensuring consistent revenue growth and protection against inflation.
- POPULATION GROWTH – Chesterfield County has experienced substantial population growth, with an increase of approximately 22.78%.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
15,609 SF
Building Class
A
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.43 AC
Zoning
C4 - REGIO - Commercial
Parking
29 Spaces (1.86 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 742-71-18-45-300-000 | Improvements Assessment | $3,879,600 |
| Land Assessment | $1,030,400 | Total Assessment | $4,910,000 |
PROPERTY TAXES
Parcel Number
742-71-18-45-300-000
Land Assessment
$1,030,400
Improvements Assessment
$3,879,600
Total Assessment
$4,910,000
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