Standalone NNN Medical Office Investment 10611 Greenyard Way 4,505 SF Office Building Chester, VA 23831 $2,112,491 CAD ($468.92 CAD/SF) 7.30% Cap Rate

Positioned on a highly visible 0.662-acre corner parcel at 10611 Greenyard Way, this 4,500 SF standalone medical office building benefits from direct frontage along State Route 10.
One of Chesterfield County’s primary commercial and commuter corridors, Route 10 connects the Richmond MSA to Hopewell and surrounding submarkets. This stretch of Route 10 (West Hundred Road) serves as a major retail and residential artery, carrying consistent daily traffic and functioning as a key gateway into the Chester community. The property is strategically located adjacent to the Kroger Marketplace-anchored retail node, a dominant shopping destination that drives strong daily traffic and anchors the surrounding retail corridor, further enhancing the site’s visibility and long-term desirability.
In addition to its established retail synergy, the property is positioned within a rapidly evolving growth corridor supported by significant residential expansion. Chesterfield County has prioritized the Route 10 corridor for long-term development, with planning initiatives aimed at guiding substantial mixed-use and residential growth across hundreds of acres. Multiple single-family housing developments are currently under construction or in the pipeline along Route 10, with approximately 400 approved units expected to deliver in the near to mid-term—further bolstering population density and driving demand for healthcare services in the immediate area. This combination of strong retail adjacency, increasing rooftops, and strategic corridor planning reinforces the property’s positioning as a stable, long-term investment within one of Chesterfield County’s most active and expanding submarkets.