13700 Midlothian Tpke - Bank FOR SALE


Midlothian, VA 23113
$2,400,000 USD
757-282-6510
13700 Midlothian Tpke, Midlothian, VA for Sale
$2,400,000 USD
Bank - FOR SALE
1/8
null | 6% Cap Rate

13700 Midlothian Tpke
Midlothian, VA 23113


HIGHLIGHTS

  • Recent lease renewal.
  • Highly educated, affluent area. (HHI: $172k within 3 miles).
  • Excellent visibility on Midlothian Tpke (US-60).
  • Big traffic count (41,000 vpd).

OVERVIEW

SLN Capital Markets, a division of S.L. Nusbaum Realty Co., is pleased to exclusively market for sale the property leased to Atlantic Union Bank in Midlothian, VA. Atlantic Union recently entered into a new 5- year lease structure with annual rent increases. Deposits at this location grew 14% over the past year and are now at their highest level at more than $117 million. The branch has excellent visibility on Midlothian Turnpike, a major business corridor in one of the most affluent sections of Richmond. Average household income exceeds $172,400 within three miles.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$634 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,018 SF

ZONING

C2 - NBHD

APN/PARCEL ID

728-70-84-13-300-000

ASK ABOUT THIS PROPERTY

Doug AronsonS.L. Nusbaum Realty Co.More Info
757-282-6510

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Doug AronsonS.L. Nusbaum Realty Co.More Info
757-282-6510

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.