1200 Alverser Dr - Garden Center FOR SALE


Midlothian, VA 23113
$4,765,000 USD
202-286-1542
1200 Alverser Dr, Midlothian, VA for Sale
$4,765,000 USD
Garden Center - FOR SALE
1/7
null | 6.35% Cap Rate

1200 Alverser Dr
Midlothian, VA 23113


HIGHLIGHTS

  • Corporate Guaranteed Lease | Scheduled Rental Increases |Options To Extend
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Adjacent to Midlothian Depot - $100M+ Whole Foods Anchored Development Project
  • 2-Miles From Chesterfield Towne Center | Primary Retail Corridor
  • Signalized, Hard Corner Intersection | Excellent Visibility & Access
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Southern States investment property located in Midlothian, Virginia. The tenant, Southern States, has 2-years remaining on their 10-year lease with 1 (10-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$4,765,000 USD

PRICE/SF

$191 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southern States - Richmond (Midlothian) VA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Garden Center

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

86

LAND DETAILS

CROSS STREETS

Midlothian Tpke

LAND ACRES

2.94 AC

LAND SF

128,066 SF

ZONING

C-3

APN/PARCEL ID

738-70-98-16-800-000

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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