Property Details

Union Bank & Trust

Midlothian, VA
Property ID: 9104

Financial Summary

Asking Price $2,545,455
Cap Rate 5.50%
Net Operating Income (NOI) $140,000
Lease Type NN
Lease Term Remaining 7+ Years

Offering Memorandum

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Contact

Jonathan W. Hipp
President & CEO
703.787.4725

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Highlights

  • Highly educated, affluent area
  • Strong regional bank with growing deposits ($70M+)
  • Excellent visibility on Midlothian Turnpike (US-60)
  • Hard corner location
  • Strong traffic count 41,000 VPD
  • High income demographics - Avg HH income $105,221 within 1 mile

Location

13700 Midlothian Turnpike
Midlothian, VA

Leigh ClineUnion Bank & Trust