Costco has struck a sizable deal on West Broad Street – one that would translate to over 8.6 million orders of its famous $1.50 hot dog and soda combo.
The Washington-based chain of wholesale clubs earlier this month purchased 5 acres and a pair of buildings next to its Henrico store at 9650 W. Broad St. for $13 million, county records show.
The deal included the 26,000-square-foot building at 9750 W. Broad St. that’s occupied by Consumer Opinion Center, an Altria-funded tobacco research office, and a vacant 18,000-square-foot building at 9700 W. Broad St.
Combined with its nearly 130,000-square-foot warehouse on 12 acres next door, Costco now controls 17 contiguous acres and around 174,000 square feet of retail space along that stretch of the county.
However, it’s unclear how the company plans to use the newly acquired real estate. A Costco spokesperson declined to comment for this story, and no plans have been filed with Henrico for the sites.
Florida-based NNN Reit was the seller in the deal, which closed Oct. 10. Henrico County most recently assessed the two parcels at a combined $5.7 million.
Costco has owned and operated its lone Henrico location since 1991. Its only other Richmond-area location is on Mall Drive near Chesterfield Towne Center, which it opened in 2011 after relocating the store from Hull Street Road. Costco, which is publicly traded, has 861 locations globally.