12231 Chattanooga Plz | Midlothian, VA 23112
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12231 Chattanooga Plz
Midlothian, VA 23112
Chili's Ground Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Chili’s Ground Lease has 7 years, 3 months remaining with two 5-year renewal options included in the lease.
- Chesapeake Foods, Inc. is the tenant on the lease and operates 24 Chili’s restaurants in Maryland, Virginia, and West Virginia.
- Excellent demographics with nearly 122,000 residents in a 5-mile radius along with an average household income of $111,474.
- Chili’s has solid store sales performance at this location.
- Today, there are over 1,600 Chili’s Restaurant locations in 32 different countries worldwide.
- Ideal location as an out parcel to the Chesterfield Crossing anchored by The Home Depot, Walmart, PetSmart, Chick-fil-A, iHop and O’Charley’s.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,380 SF
Building Class
B
Year Built/Renovated
2005/2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.59 AC
Zoning
C3
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 737-68-18-73-000-000 | Improvements Assessment | $1,356,600 |
| Land Assessment | $1,145,000 | Total Assessment | $2,501,600 |
PROPERTY TAXES
Parcel Number
737-68-18-73-000-000
Land Assessment
$1,145,000
Improvements Assessment
$1,356,600
Total Assessment
$2,501,600
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