Primrose School Franchising Company Acquires Retail Property At 9501 Staples Mill Road For $3.1M

The property involved in this transaction is located at 9501 Staples Mill Road in Henrico, VA. It is a retail asset previously used as a Walgreens, now encompassing 12,578 square feet. The sale was completed for a price of $3,100,000, resulting in a price per square foot of $246.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,100,000
• Square Footage: 12,578
• Address: 9501 Staples Mill Road
• Market: Henrico, VA
• Buyer: Primrose School Franchising Company
• Broker: James Ashby IV - Cushman & Wakefield

Cushman & Wakefield | Thalhimer facilitated the sale of the property to Primrose School Franchising Company. This transaction marks the redevelopment of this former Walgreens location into Primrose’s eighth establishment in the Richmond area.