A single-tenant TD Bank property located at 3960 Francis Road in Richmond has sold.

Details:

• 4,260 SF
• Leased until 2029 (1 x 5 years renewal option)
• $52.50 per SF NNN
• Sold for $5,250,000
  • $1,232/SF
  • 4.5% cap rate

The property had been listed for sale for $5,590,000.

The listing agent for the property was Marcus & Millichap.