An Eastern Henrico property that used to dish out cash will now be slinging burgers and milkshakes.
Cook-Out purchased a former Wells Fargo branch at 4300 S. Laburnum Ave. near the Shops at White Oak Village. It will be the North Carolina-based fast food chain’s third Richmond location in less than three years.
Cook-Out paid $1.05 million for the one-acre property, according to Ellen Long, a broker for Taylor Long Properties. The deal closed May 15.
Long represented Spectrum Partners, which sold the property at Laburnum Park shopping center. She said Cook-Out has renovations planned for the property.
Rob Heavener of Yorktown-based Retail Advisors represented Cook-Out in the deal. Neither he nor Jeremy Reaves, Cookout’s chief executive, responded to emails or phone calls by press time.
Cook-Out has more than 100 locations in North Carolina, South Carolina, Tennessee and Virginia. It opened in Richmond in late 2010 at 1415 Eastridge Road.
It took over a former Bullets restaurant at 4802 W. Broad St. in summer 2011 for its second local store.