Investment Overview

Marcus & Millichap is pleased to present 13048 Rivers Bend Road, Chester, Virginia located in the South Chesterfield Submarket with excellent access and visibility located on Rivers Bend Road and Hundred Road with a combined traffic count of 49,904 Vehicles per day. The property benefits from robust, dense demographics; the population within five miles of the site is over 67,072 with nearly 22,073 households and an average household income of over $95,519 within five miles. Excellent access to main interstates in the area, I-95 less than 3-miles, I-295 less than 2-miles from subject property. The building is of high-quality construction and landscaping design. The site has monument signage for additional visibility off Hundred Road. The VCU Health Orthopaedics facility spans 9,900 square feet and functions under a triple-net lease model, featuring 3 percent annual rental escalations and automatic renewal options. Currently, there are three, three-year renewal options available. VCU Health, an established regional operator with 72 locations throughout Virginia, has consistently received robust credit ratings from reputable agencies. In a recent evaluation, Moody's bestowed a rating of Aa3 upon the health system, while Standard & Poor's granted an AA-. These ratings, both deemed high, underscore VCU Health as a low-risk investment, reflecting the confidence placed in its operational stability. VCU Medical Center has been recognized as the No. 1 hospital in the Richmond metro area and the No. 2 hospital in the commonwealth by U.S. News & World Report in its 2023-2024 Best Hospitals rankings. Virginia Commonwealth University is a major urban public research university with national and international rankings in sponsored research. Located in downtown Richmond, VCU enrolls more than 30,000 students in 233 degree and certificate programs in the arts, sciences, and humanities. Twenty-two of the programs are unique in Virginia, many of them crossing the disciplines of VCU’s 11 schools and three colleges. The VCU Health brand represents the VCU health sciences academic programs, the VCU Massey Cancer Center and the VCU Health System, which comprises VCU Medical Center (the only academic medical center in the region), Community Memorial Hospital, Children’s Hospital of Richmond at VCU, and MCV Physicians. The clinical enterprise includes a collaboration with Sheltering Arms Institute for physical rehabilitation services.