Tennessee Plaza — Sale in Midlothian, VA
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Midlothian, VA 23112
- Year built: 2004
Photos
Investment Figures
- Cap rate
- 6.91%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to present for sale Tennessee Plaza located in Midlothian, VA. The property is 100% occupied by three tenants and features NNN leases with annual rent increases. Investment Highlights: • Walmart & Home Depot Shadow-Anchored Center 7,000 Sq Ft | 2004 Construction | 1.27 Acres • 100% Occupied | Three (3) Tenants Five Guys, Bricks & Minifigs, Punky's Lair • NNN Leases | Annual Rent Increases Five Guys Occupancy Since 2005 • Verizon Wireless Rooftop Lease • No. 2 Bricks & Minifigs in Virginia Source: Placer Ai, #2 of 7 • Located at Signalized Intersection Hull Street Road | +/-44,000 VPD • Near Top Performing National Retailers: No. 1 BJ's, Home Depot, Ashley Homestore, Gabes Source: Placer Ai, 30-Mi Radius Chain Ranking • Additional Major Retailers Walmart, Chick-Fil-A, Aldi, IHOP, Target, Kroger, Kohl's, NAPA Auto Parts, & More
Market Context
This retail in Midlothian, VA is listed for sale. It is offered at an approximate 6.9% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 2004. Compare it against other retail listings for sale in Midlothian, 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).
Contact
- Harrison Jones · (804) 802-6882 · harrison.m.jones@marcusmillichap.com
- Andrew Margulies · (919) 674-1108 · andrew.margulies@marcusmillichap.com
- Harrison Creason · (843) 952-2257 · harrison.creason@marcusmillichap.com
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