13700 Midlothian TpkeMidlothian, VA 23113

  • Retail properties
  • 3,786 SF
For Sale
$2,400,000 View listing

Property Details for 13700 Midlothian Tpke

Year built
1988
Lot size
0.76 AC
Property size (Sq ft)
3,786 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

This fee-simple retail property, located at 13700 Midlothian Tpke, Midlothian, VA 23113, offers a compelling investment opportunity. The 3,786 square foot building, constructed in 1988 and situated on a 0.758-acre lot, is currently 100% occupied by a credit-rated Atlantic Union Bank under a Net Net (NN) lease. The lease commenced March 30, 2015, and has a remaining term of 5.4 years, expiring March 31, 2030, with built-in rent bumps. The property boasts a strong Net Operating Income (NOI) of $144,000, resulting in a 6.00% cap rate. The asking price is $2,400,000. The bank enjoys excellent visibility on Midlothian Turnpike, a major thoroughfare, and benefits from a high-income demographic

13700 Midlothian Tpke, Midlothian, Virginia

Location Insight

City
Midlothian
County
Chesterfield
State
Virginia
Latitude
37.5043
Longitude
-77.6541

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