Boots, Brands & Buyer Demand: $2.3M Boot Barn Sale Signals Strength in Retail Market

Richmond, VA (March 2026) – S.L. Nusbaum Realty Co. is pleased to announce the $2,300,000 sale of a high-performing, single-tenant retail property occupied by Boot Barn at 2604 Conduit Road in Colonial Heights, Virginia.

The 8,500-square-foot asset, situated on 1.005 acres, was acquired by Agree Development LLC from JWN Properties LLC. The transaction underscores continued investor appetite for brand-backed retail properties in strong suburban corridors.

S.L. Nusbaum Realty Co.’s Doug Aronson, Nathan Shor and Chris Zarpas represented the seller and also procured the purchaser – bringing together repeat clients on both sides of the deal in a seamless, relationship-driven transaction. The sale was completed off-market and moved from contract to close in just 23 days, highlighting both the strength of the asset and the efficiency of the process.

“This deal is a great example of how investor confidence remains strong for quality retail assets anchored by nationally recognized tenants,” said Doug Aronson, Senior Managing Director of SLN Capital Markets, a division of S.L. Nusbaum Realty Co. “Boot Barn’s performance and the strength of this corridor created a compelling investment story that ultimately drove a successful outcome for our client.”

Strategically located along Conduit Road, the property benefits from excellent visibility, accessibility, and placement within one of Colonial Heights’ most active retail corridors.

For additional information, please contact Doug Aronson, daronson@slnusbaum.com, 757.282.6510, Nathan Shor, nshor@slnusbaum.com, 804.944.2399 or Chris Zarpas, czarpas@slnusbaum.com, 757.640.5437.

About SLN Capital Markets

SLN Capital Markets, a division of S.L. Nusbaum Realty Co., specializes in the sale and purchase of single, multi-tenant and multifamily investment properties, working with private and institutional investors, both locally and nationally, in the acquisition and disposition of their assets. For more information, please visit: www.slncapitalmarkets.com