11450 Midlothian Turnpike, Richmond, VA 23235

Building Details

Year Built

2001

Listing agent Alex Geanakos License #IL: #475.189621

Listing office JLL - New York City, New York

Listing date Jun 8, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of JLL - New York City, New York

Report an issue

---

Overview

The offering is a single-tenant Carrabba’s Italian Grill configured under an absolute NNN ground lease. The lease structure provides zero landlord responsibilities, and the existing term includes approximately 10 years remaining. Rent is scheduled to escalate by 10.0% every five years, supporting long-term contractual rent growth within the lease.

The property is located in the Richmond MSA in North Chesterfield, Virginia, with the asset identified as 11450 Midlothian Turnpike (as provided). This is a purpose-built, operator-specific restaurant investment where the tenant occupies the site under the stated ground lease terms.

This asset is well suited for investors seeking an absolute NNN ground lease ownership position with a single tenant and clearly defined rent escalation intervals. For brokers and tenants evaluating related opportunities, the key decision points here are the single-tenant lease profile, the approximate time remaining on the term, and the documented zero landlord responsibility structure. The contract terms are the primary driver of the property’s income characteristics as presented in the offering materials.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Richmond

County

Richmond City

State

Virginia

Longitude

-77.6081703

Latitude

37.5060808

Nearby Similar for Sale

• 

  $650,000

  6,410 SF

  Richmond Industrial Cold-Storage Facility

  6,410 SF warehouse ideal for cold storage or distribution.

  1505 Brook Rd, Richmond, VA 23220

  View Details
• 

  $989,000

  6,448 SF

  Richmond Multifamily Investment Opportunity

  Nine-unit multifamily property with stabilized income in Richmond, Virginia.

  2115 Phaup Street, Richmond, VA 23223

  View Details
• 

  $995,000

  Automotive Service Buildings with Overhead Doors

  Two-building automotive service setup with service bays, lifts, overhead doors, and office amenities for repair or light industrial use.

  6509 Dickens Pl, Richmond, VA 23230

  View Details
• 

  $1,069,950

  5,703 SF

  Historic Duplex With Two 4BR Units

  Built in 1908, this duplex offers two 4-bedroom, 2-bath apartments with dedicated laundry, storage, and recent interior upgrades.

  2034 W Grace Street, Richmond, VA 23220

  View Details
• 

  $699,000

  2,669 SF

  New Construction Multifamily in Richmond

  New construction duplex in historic Manchester, near downtown Richmond.

  115 W 10th Street, Richmond, VA 23224

  View Details
• 

  $599,950

  3,148 SF

  Richmond Duplex Near McGuire Center

  Well-maintained duplex on a spacious lot near McGuire VA.

  1400 Broad Rock Boulevard, Richmond, VA 23224

  View Details
• 

  $699,000

  2,620 SF

  Richmond Duplex: Leased Investment Opportunity

  Classic Richmond duplex with updated units and strong rental income.

  4412 Cutshaw Avenue, Richmond, VA 23230

  View Details
• 

  $1,080,000

  4,804 SF

  Colonial Multifamily with Courtyard

  Colonial-style income property with 10-foot ceilings, hardwood floors, and recent roof, window, and appliance updates.

  2125 Grove Avenue, Richmond, VA 23220

  View Details
• 

  $1,150,000

  6,087 SF

  Turnkey Multifamily with Heat Pumps

  Fully leased-feeling rental property with separate electric meters, owner-paid water, and four off-street parking spaces in Richmond.

  2517 Grove Avenue, Richmond, VA 23220

  View Details
• 

  $299,000

  4,031 SF

  Two-Story Duplex on Corner Lot

  Two-story duplex with four bedrooms, two baths, and a fenced yard, offered as-is for an owner seeking rental housing.

  1708 Mechanicsville Turnpike, Richmond, VA 23223

  View Details
• 

  $429,900

  3,116 SF

  Renovated Duplex in Richmond

  Beautifully renovated duplex in Richmond with new kitchens and baths.

  4202 Chamberlayne Avenue, Richmond, VA 23227

  View Details
• 

  $595,000

  3,319 SF

  Corner Commercial Building in Richmond

  Single-story, open brick building zoned B2 for retail or office.

  1201 N 25th St, Richmond, VA 23223

  View Details

FAQs

What type of property is this?

Conventional restaurant - For sale Carrabba’s Italian Grill on an absolute NNN ground lease with about 10 years remaining and scheduled 10% escalations.

Where is this conventional restaurant located?

The property is located at 11450 Midlothian Turnpike Richmond, VA.

What is the asking price?

The asking price for this property is $3,136,000.

What are key features of this property?

This property features: Single‑tenant Carrabba’s Italian Grill built in 2001, located at 11450 Midlothian Turnpike in North Chesterfield, VA (Richmond MSA).; Absolute NNN ground lease with approximately 10 years of remaining lease term.; Rent escalations of 10.0% every five years.