810 England St
Ashland, VA 23005
Panera Bread · Retail Property For Sale

The subject investment property is situated on England Street, which experiences an average daily traffic count of over 24,000 vehicles. Intersecting with England Street is Interstate-95, the main interstate highway running from Florida to Maine, which brings an additional 117,000 vehicles to the immediate area daily. There are approximately 19,200 individuals within a five-mile radius of the property and more than 156,800 individuals within a ten-mile radius. This café is situated in an affluent suburban community with an average household income of over $81,000 within a three-mile radius. The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, hotels, and shopping centers all within proximity of this subject property. Major tenants include: Walmart, Cracker Barrel, Starbucks, Chick Fil A, Applebee’s, Food Lion, Rite Aid, ACE Hardware, Tractor Supply Company, as well as many others. The café is strategically located in an area with an abundance of accommodations including: Hampton Inn, Holiday Inn, Red Carpet Inn, Quality Inn & Suites, Days Inn, and Sleep Inn. These accommodations are significant traffic drivers to the immediate area as many of these hotels are preferred partners with Kings Dominion. Kings Dominion is a 400-acre amusement park, which features over 60 rides and a 20-acre water park, that is located approximately 8 miles north of the subject property. Additionally, this café benefits from being situated within a two-mile radius of several academic institutions including Randolph-Macon College and John M Gandy Elementary. The most notable of the academic institutions is Randolph-Macon College which is located approximately one mile from the subject property and enrolls over 1,400 students. Richmond International Airport is also located less than a 30-minute drive from this Panera Bread property and averages an annual passenger count exceeding 3,000,000. Affectionately known as the "Center of the Universe" by residents for its central location within the state, Ashland is a great place for travelers to call home while visiting Virginia. Just 15 miles north of Richmond, in Hanover County, Ashland is only 90 minutes away from Washington, D.C. and Williamsburg. Boston, New York, Detroit and Atlanta are all within a day’s drive. In fact, 60% of the U.S. population is within 750 miles of Ashland. A turn-of-the-century railroad town, Ashland was originally developed by the RF&P Railroad as a resort for Richmonders. Today the railroad tracks still send trains rumbling through the center of town, past Randolph-Macon College, lovely historic homes, shops and unique eateries. Richmond is the center of the Richmond Metropolitan Statistical Area and the Greater Richmond Region. The Richmond Metropolitan Area is the third most populous metro in the state. Richmond's economy is primarily driven by law, finance, and government, with federal, state, and local governmental agencies, as well as notable legal and banking firms, located in the downtown area. The city is home to both the United States Court of Appeals for the Fourth Circuit, one of 13 United States courts of appeals, and the Federal Reserve Bank of Richmond, one of 12 Federal Reserve Banks. The Greater Richmond area is also home to six Fortune 500 companies: electric utility Dominion Resources; CarMax; Owens & Minor; Genworth Financial; WestRock; McKesson Medical-Surgical, Markel Corporation, and Altria Group. Other Fortune 500 companies, while not headquartered in the area, do have a major presence. These include SunTrust Bank, Capital One Financial Corporation, and the medical and pharmaceutical giant McKesson. DuPont maintains a production facility in South Richmond known as the Spruance Plant. UPS Freight, the less-than-truckload division of UPS and formerly known as Overnite Transportation, has its corporate headquarters in Richmond.