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
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