Shopping Strip
Shoppes at Bellgrade (Value-Add)
11422 W Huguenot Rd, Midlothian, VA 23113
Listing Price: $2,600,000
Cap Rate
5.11%
Gross SF
7,452
Rentable SF
7,452
Price/Gross SF
$348.90
Lot Size
1.13 acres
Year Built
1996
Investment Overview
Marcus & Millichap is pleased to present for sale Shoppes at Bellgrade located in Midlothian, VA.
Shoppes at Bellgrade (Value-Add)
Investment Highlights
- 7,452 Square Feet Retail Strip Center | Two (2) Units | NNN Leases
- Outparcel to Top 10 Kroger in Richmond, VA MSA (Source: Placer Ai)
- Value-Add Opportunity Pharmacy Ready to Vacate w/ 60 Day Notice
- 1.13 Acres | 44 Parking Spaces | New Roof Added in 2013
- Great Clips: 3% Annual Escalations | Verizon Cell Tower: Additional Income
- Dark Pharmacy Still Paying Rent Below Market Rent
- Year 3 Stabilized Cap Rate: 8.00%
- Kroger Anchor Center Draws 1.8 Million Visitors Annually (Source: Placer Ai)
Exclusively Listed By
Listing Price: $2,600,000
Cap Rate
5.11%
Gross SF
7,452
Rentable SF
7,452
Price/Gross SF
$348.90
Lot Size
1.13 acres
Year Built
1996
Investment Highlights
- 7,452 Square Feet Retail Strip Center | Two (2) Units | NNN Leases
- Outparcel to Top 10 Kroger in Richmond, VA MSA (Source: Placer Ai)
- Value-Add Opportunity Pharmacy Ready to Vacate w/ 60 Day Notice
- 1.13 Acres | 44 Parking Spaces | New Roof Added in 2013
- Great Clips: 3% Annual Escalations | Verizon Cell Tower: Additional Income
- Dark Pharmacy Still Paying Rent Below Market Rent
- Year 3 Stabilized Cap Rate: 8.00%
- Kroger Anchor Center Draws 1.8 Million Visitors Annually (Source: Placer Ai)
Investment Overview
Marcus & Millichap is pleased to present for sale Shoppes at Bellgrade located in Midlothian, VA.
Exclusively Listed By
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