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6900 Midlothian Tpke
Richmond, VA 23225

Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
5,076 SF
Building Class
B
Year Built
1987
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.07 AC
Zoning
B-3
Parking
74 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
228 FT on Midlothian Tpke

Amenities

  • Bus Line
  • Freeway Visibility
  • Pylon Sign
  • Signage

About 6900 Midlothian Tpke , Richmond, VA 23225

Marcus & Millichap is pleased to present this exclusively listed LoanMax in Richmond, VA. The property fronts Midlothian Turnpike and just off of Chippenham Pkwy with a combined Average Daily Traffic Count over 126,000+ VPD. The tenant just exercised a new 5-Year Option with 2% annual rent increases, and there are now 6 years left with one 5-Year Option remaining. It is a fully NNN Lease with zero landlord responsibilities. The building was rebuilt for the tenant in 2005. They have since operated over 14 years at the site, and have shown their commitment with the recent extension. The property sits 6 miles from Downtown Richmond in a dense Retail and Office sub-market. The surrounding office employment brings the Daytime Population within a one-mile radius over 14,500 people. There are many surrounding national retailers and traffic generators near the site including the Chippenham Hospital and Boulders Office Park, which employs over 10,000 people. Just across Chippenham Pkwy sits Stonegate Marketplace, a Kroger Marketplace anchored mixed-use development with a 400 unit apartment complex. Across from there is the Spring Rock Center which is under new management and currently being redeveloped into mixed-use Retail/Office. The property is also located across the street from the brand new Rosie's Gaming Emporium development. The $41 million project is being developed by Colonial Downs, the only horse track in Virginia. They will convert the former big box store into an entertainment venue with game machines, a banquet all, restaurant, bar and gift shop. They are set to open 5 locations this year.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
C005-1088-021
Land Assessment
$439,000
Improvements Assessment
$286,000
Total Assessment
$725,000
  • Listing ID: 15429558

  • Date on Market: 3/13/2019

  • Last Updated:

  • Address: 6900 Midlothian Tpke, Richmond, VA 23225

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