12401 Tennessee Plz | Midlothian, VA 23112
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12401 Tennessee Plz
Midlothian, VA 23112
O'Charley's Ground Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Property has a Triple-Net Ground Lease with 2 years remaining including two 5-year renewal options and 15% rental increases.
- The tenant on the lease is O’Charley’s, Inc. is a leading full-service restaurant company with over 200 locations in 17 states.
- Ideal location as an out parcel to the Chesterfield Crossing anchored by The Home Depot, Walmart, PetSmart, Chili’s and IHOP.
- O’Charley’s has operated at this location for 18 years.
- Excellent demographics with nearly 122,000 residents in a 5-mile radius along with an average household income of $111,474.
- Low Rent of $16.22 PSF.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,796 SF
Building Class
B
Year Built
2003
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.66 AC
Zoning
I1
Frontage
522’ on TENNESSEE PLZ
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $951,500 | |
| Land Assessment | $1,260,000 | Total Assessment | $2,211,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,260,000
Improvements Assessment
$951,500
Total Assessment
$2,211,500
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