Lane Bryant | Corp NN | Long Term Occupancy 11331 Midlothian Tpke 5,400 SF Retail Building North Chesterfield, VA 23235 $1,800,000 ($333.33/SF) 9% Cap Rate
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
Building Size
5,400 SF
Building Class
B
Year Built
1998
Price
$1,800,000
Price Per SF
$333.33
Cap Rate
9%
NOI
$162,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.39 AC
Zoning
C3 - Commercial
Parking
18 Spaces (3.89 Spaces per 1,000 SF Leased)
AMENITIES
- Freeway Visibility
- Security System
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- 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.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 742-70-80-42-000-000 | Improvements Assessment | $833,300 |
| Land Assessment | $175,900 | Total Assessment | $1,009,200 |
