11440 Midlothian Tpke
Richmond, VA 23235

The property is prominently located at the signalized intersection of Midlothian Turnpike and Mall Drive, with excellent visibility and access to 74,000 vehicles per day in front of the property. The property is located in front of and is connected to Chesterfield Towne Center, a 900,000 square foot retail center owned by Brookfield, which draws from a trade area of more than 360,000. A retail cornerstone for the affluent community it serves, Chesterfield Towne Center features more than 140 shops, eateries, and department stores, including Macy’s, JCPenney, Sears, Ulta, H&M, Barnes & Noble, At Home, T.J. Maxx, HomeGoods, Old Navy, and Kirkland’s. Chesterfield Towne Center has 94% occupancy and has small shop sales averaging $470 per square foot. The dense retail area surrounding the property is the second largest retail submarket in the Richmond metro, with more than 7.2 million square feet of inventory. Due to its prime location in the middle of this submarket, the property is surrounded by approximately 2.7 million square feet of retail space within one and a half miles. Notable tenants in this area include Fresh Market, DSW, Walmart, Aldi, Best Buy, Lowe’s, Target, and many more. The property is also within walking distance of the largest and most profitable Costco in the Richmond area, with the highest sales volume of all five wholesale clubs in Richmond. The property is centrally located near large schools, major employers, and affluent residential neighborhoods. Johnston-Willis Hospital (292 beds and 1,159 employees) is less than a mile from the property, and several schools—including Midlothian High School (1,563 students), Robious Middle School (1,295 students), and Midlothian Middle School (1,246 students)—are just minutes away. Five office parks are located within five miles of the property, contributing to the area’s strong daytime employment. Additionally, the property is supported by a large, wealthy customer base; 128,849 residents with an average household income of $109,218 live within a five-mile radius of the property.v