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13700 Midlothian Tpke

3,786 SF Retail Building Midlothian, VA 23113 $3,401,928 CAD ($899 CAD/SF) 6% Cap Rate

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Investment Highlights

Recent lease renewal.
Excellent visibility on Midlothian Tpke (US-60).

Highly educated, affluent area. (HHI: $172k within 3 miles).
Big traffic count (41,000 vpd).

Executive Summary

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.

Marketing Brochure/Flyer