Retail in Richmond, VA — Lease in Richmond, VA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Richmond, VA 23235

Photos

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Description

Former Wendy's For Lease in Chesterfield Towne Center The property provides a rare QSR backfill opportunity near Chesterfield Towne Center. The freestanding building consists of 3,035 square feet and is situated on a 0.82-acre lot, complete with a convenient drive-thru. Its prime location on one of Midlothian’s major retail corridors, Midlothian Turnpike which sees over 52,000 VPD, ensures excellent visibility and easy access. Access includes a right-in and a right-in/right-out on Midlothian Turnpike as well as cross access through the adjacent shopping center. The property is ideal for a myriad of retail end-users.

Market Context

This retail in Richmond, VA is listed for lease. Compare it against other retail listings for lease in Richmond, VA — view the full market.

As of Q2 2026, the Richmond retail market showed a 3.6% vacancy rate, and average asking rents near $19.71/SF/yr. Source: Cushman & Wakefield Q2 2026 market report.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

Is the Richmond retail market tightening or softening?
Vacancy is around 3.6% (Q2 2026).

Estimated Market Rate

$1.34/SF/mo – $1.82/SF/mo

Mid: $1.58/SF/mo

Based on comparable properties in similar markets rather than local sales.

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