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
- Banks
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
Location Insight
- City
- Midlothian
- County
- Chesterfield
- State
- Virginia
- Latitude
- 37.5043
- Longitude
- -77.6541
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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