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Lane Bryant | Corp NN | Long Term Occupancy 11331 Midlothian Tpke

5,400 SF Retail Building North Chesterfield, VA 23235 $1,800,000 ($333/SF) 9% Cap Rate

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Investment Highlights

Corporate Guaranteed Lease | Long Operating History
Located In Chesterfield Crossing | Along U.S. Highway 60 | Dense Retail Center | Nearby National/Credit Tenants

NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities

Executive Summary

SRS National Net Lease is pleased to offer to opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, corporate guaranteed, Lane Bryant investment property located in Richmond, Virginia. The tenant, Lane Bryant #4696 LLC, has aproximately 5 years remaining in the cuurent term. Lane Bryant previously waived their early termination right and extended the lease for an additional 5 years, demonstrating their commitment to the site. The lease is NN with landlord responsibilities limited to roof, structure, and foundation.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

5,400 SF

Building Class

Year Built

1998

Price

$1,800,000

Price Per SF

$333

Cap Rate

NOI

$162,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.32

Lot Size

0.39 AC

Zoning

C3 - Commercial

Parking

21 Spaces (3.89 Spaces per 1,000 SF Leased)

Amenities

Freeway Visibility

Signage

Retailer
99,999 SF
-
Lorem Ipsum
Jan 0000

Here they stand, as a woman-founded, woman-led brand. Few other brands can tout the storied and illustrious past that they have. No other brand can say they were started by a woman even before women had the right to vote. And yet, here they stand, as a woman-founded, woman-led brand, 115 years after Lena Bryant started them on this journey. She was not just a pioneer in fit and fashion, but she held true to decency standards as well, paying her female employees a fair wage and offering health benefits, too.