3850 N Bailey Bridge Rd | Midlothian, VA 23112
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3850 N Bailey Bridge Rd
Midlothian, VA 23112
Wawa - Midlothian, VA · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Wawa has been operating at this location since 2002 and recently signed a lease extension to 20 years with 7% increases every 5 years
- The Property is conveniently situated at the fully signalized corner of North Bailey Bridge Road and US-360 (46,000 VPD)
- Midlothian, VA is experiencing tremendous growth - the population within a 5-mile radius of the Property, has grown nearly 10% since 2010
- The rare, Fee Simple NNN lease structure enables the future owner of this Property to exercise depreciation methods with respect to the premises
- The Property is surrounded by 3 shopping destinations in Chesterfield Shopping Center, Genito Crossing and Victorian Square, resulting in a large draw
- Wawa was recently ranked as the #2 convenience store in the United States (Food and Wine)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,017 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.31 AC
Zoning
C-5 - Central Commercial District
Parking
44 Spaces (8.77 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 741-68-22-29-900-000 | Improvements Assessment | $2,348,300 |
| Land Assessment | $1,493,000 | Total Assessment | $3,841,300 |
PROPERTY TAXES
Parcel Number
741-68-22-29-900-000
Land Assessment
$1,493,000
Improvements Assessment
$2,348,300
Total Assessment
$3,841,300
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