12401 Tennessee Plz - Restaurant FOR SALE
Midlothian, VA 23112 |
12401 Tennessee Plz
Midlothian, VA 23112
HIGHLIGHTS
- Property has a Triple-Net Ground Lease with 2 years remaining including two 5-year renewal options and 15% rental increases.
- O’Charley’s has operated at this location for 18 years.
- The tenant on the lease is O’Charley’s, Inc. is a leading full-service restaurant company with over 200 locations in 17 states.
- Excellent demographics with nearly 122,000 residents in a 5-mile radius along with an average household income of $111,474.
- Ideal location as an out parcel to the Chesterfield Crossing anchored by The Home Depot, Walmart, PetSmart, Chili’s and IHOP.
- Low Rent of $16.22 PSF.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
O'Charley's Ground Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
6796
STORIES
1
YEAR BUILT
2003
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
736-68-07-97-200-000,737-68-00-57-600-000
