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Shopping Strip

Tennessee Plaza

12413 Tennessee Plz, Midlothian, VA 23112

Listing Price: $2,882,000

Cap Rate
6.91%
Gross SF
7,000
Rentable SF
7,000
Price/Gross SF
$411.71
Lot Size
1.27 acres
Year Built
2004

Investment Overview

Marcus & Millichap is pleased to present for sale Tennessee Plaza located in Midlothian, VA. The property is 100% occupied by three tenants and features NNN leases with annual rent increases.

Investment Highlights

  • Walmart & Home Depot Shadow-Anchored Center 7,000 Sq Ft | 2004 Construction | 1.27 Acres
  • 100% Occupied | Three (3) Tenants Five Guys, Bricks & Minifigs, Punky's Lair
  • NNN Leases | Annual Rent Increases Five Guys Occupancy Since 2005
  • Verizon Wireless Rooftop Lease
  • No. 2 Bricks & Minifigs in Virginia Source: Placer Ai, #2 of 7
  • Located at Signalized Intersection Hull Street Road | +/-44,000 VPD
  • Near Top Performing National Retailers: No. 1 BJ's, Home Depot, Ashley Homestore, Gabes Source: Placer Ai, 30-Mi Radius Chain Ranking
  • Additional Major Retailers Walmart, Chick-Fil-A, Aldi, IHOP, Target, Kroger, Kohl's, NAPA Auto Parts, & More

Exclusively Listed By

Shopping Strip

Tennessee Plaza

Listing Price: $2,882,000

Cap Rate
6.91%
Gross SF
7,000
Rentable SF
7,000
Price/Gross SF
$411.71
Lot Size
1.27 acres
Year Built
2004

Investment Highlights

  • Walmart & Home Depot Shadow-Anchored Center 7,000 Sq Ft | 2004 Construction | 1.27 Acres
  • 100% Occupied | Three (3) Tenants Five Guys, Bricks & Minifigs, Punky's Lair
  • NNN Leases | Annual Rent Increases Five Guys Occupancy Since 2005
  • Verizon Wireless Rooftop Lease
  • No. 2 Bricks & Minifigs in Virginia Source: Placer Ai, #2 of 7
  • Located at Signalized Intersection Hull Street Road | +/-44,000 VPD
  • Near Top Performing National Retailers: No. 1 BJ's, Home Depot, Ashley Homestore, Gabes Source: Placer Ai, 30-Mi Radius Chain Ranking
  • Additional Major Retailers Walmart, Chick-Fil-A, Aldi, IHOP, Target, Kroger, Kohl's, NAPA Auto Parts, & More

Investment Overview

Marcus & Millichap is pleased to present for sale Tennessee Plaza located in Midlothian, VA. The property is 100% occupied by three tenants and features NNN leases with annual rent increases.

Exclusively Listed By

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