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Shoppes at Bellgrade (Value-Add) 11420-11422 W Huguenot Rd 7,452 SF 100% Leased Retail Building Midlothian, VA 23113 $2,600,000 ($348.90/SF)
Investment Highlights
- 7,452 Square Feet Retail Strip Center | Two (2) Units | NNN Leases
- Value-Add Opportunity Pharmacy Ready to Vacate w/ 60 Day Notice
- Great Clips: 3% Annual Escalations | Verizon Cell Tower: Additional Income
- Outparcel to Top 10 Kroger in Richmond, VA MSA (Source: Placer Ai)
- 1.13 Acres | 44 Parking Spaces | New Roof Added in 2013
- Dark Pharmacy Still Paying Rent Below Market Rent
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,452 SF
Building Class
B
Year Built
1996
Price
$2,600,000
Price Per SF
$348.90
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.13 AC
Zoning
O-2
Parking
44 Spaces (5.9 Spaces per 1,000 SF Leased)
Frontage
200’ on W Huguenot Rd
Nearby Major Retailers
Property Taxes
| Parcel Number | 741-71-54-46-000-000 | Improvements Assessment | $998,600 |
| Land Assessment | $543,400 | Total Assessment | $1,542,000 |
Property Taxes
Parcel Number
741-71-54-46-000-000
Land Assessment
$543,400
Improvements Assessment
$998,600
Total Assessment
$1,542,000
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Shoppes at Bellgrade (Value-Add) | 11420-11422 W Huguenot Rd
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