11603 Midlothian Tpke
Midlothian, VA 23113
MedExpress Urgent Care · Office Property For Sale

INVESTMENT HIGHLIGHTS
- Original 10 Year Absolute NNN Ground Lease | 6.7 Years Remaining
- Three, Five-Year Tenant Renewal Options
- Compelling Location Fundamentals | Midlothian Turnpike Frontage | Next to Hard Signalized Corner | 12 Miles from Downtown Richmond
- Attractive Rent Increases | 10% Every Five (5) Years
- Corporate Guarantee from MedExpress | 250+ Locations
- HCA Affiliated Hospital Located 1.5 Miles Away | Only Level III Trauma Facility in Chesterfield County
PROPERTY FACTS
ABOUT 11603 MIDLOTHIAN TPKE , MIDLOTHIAN, VA 23113
This MedExpress Urgent Care Facility is located at 11603 Midlothian Turnpike in Midlothian, Virginia. Midlothian is a western suburb of Richmond. There are approximately 56,907 individuals residing within a three-mile radius of the property and just over 123,220 individuals within a five-mile radius. The subject property is positioned at the signalized intersection of Midlothian Turnpike and N Courthouse Rd. Midlothian Turnpike directly east of the property experiences 55,697 average vehicles per day, and 41,479 vehicles directly west of the property. N Courthouse road brings an additional 31,161 vehicles per day on average to the immediate area. This MedExpress property is strategically located in a dense retail corridor. The subject property is directly across the street from the Chesterfield Towne Center, a 1,000,000+ SF super regional mall with 109 tenants and almost little to no vacancies. The mall’s anchor tenants include Macy’s, TJ Maxx/Homegoods, JCPenney, H&M, At Home, Sears, Crunch Fitness, Ross, Old Navy, Barnes & Noble. Other national retail tenants in the immediate area include Wegmans, Walmart, Publix, Target, McDonald’s, Wendy’s, Starbucks, Panera Bread, Autozone, Advance Auto Parts, Home Depot, Pet Smart, and many more. Auto Dealers in the immediate area include Porsche, Jaguar, Infinity, Nissan, Kia, and more. The subject property benefits from its proximity to Johnston-Willis Hospital, an HCA affiliated short-term acute care hospital and the only licensed level III trauma center in Chesterfield County. Midlothian is in the northwestern part of Chesterfield County, Virginia, a few miles west of Richmond, VA. Midlothian remains one of the region’s fastest growing communities. Richmond is the capital city of Virginia, roughly 110 miles south of Washington, D.C. The metro consists of 102 counties and four cities. Richmond’s strategic location on the James River and a well-developed intermodal transportation network provide for a growing logistics and distribution sector. Amazon recently announced plans for a fulfillment center along Interstate 95 south of Richmond. The market’s educated workforce is also drawing more companies to the region and already Richmond houses more Fortune 500 firms than many larger metros.
LINKS
PROPERTY TAXES
Parcel Number | 740-70-83-35-100-000 | Improvements Assessment | $1,571,800 |
Land Assessment | $731,800 | Total Assessment | $2,303,600 |
Listing ID: 18995094
Date on Market: 3/26/2020
Last Updated:
Address: 11603 Midlothian Tpke, Midlothian, VA 23113
The Office Property at 11603 Midlothian Tpke, Midlothian, VA 23113 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.