Triple-Net Medical Cannabis
For Sale
Contact for pricing
11601 Midlothian Turnpike, Midlothian, VA 23113
Brand-new gLeaf dispensary undergoing tenant renovations with a 10-year NNN lease and Columbia Care guarantee.
Property SizeContact for details
Days on Market135
Property Features for 11601 Midlothian Turnpike
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Traffic Count
77,000 vehicles/day
Listing Agency:
Marcus & Millichap - Fort Lauderdale
(561) 706-9646
Listed By:
Barry Wolfe · License #FL SL 702613
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 6:53AM
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 Marcus & Millichap - Fort Lauderdale
Investment Insights
Based on property information with market context.
Marcus & Millichap presents a brand-new gLeaf medical cannabis dispensary location currently undergoing renovations by the tenant at the tenant’s expense. The offering includes a brand new 10-year, triple net lease with two percent annual rent increases throughout the base term and option periods, plus two, five-year tenant renewal options. The lease is guaranteed by Columbia Care, Inc., a multi-state cannabis operator.
The property is positioned in a major retail corridor with access and visibility to more than 77,000 vehicles daily at a hard, signalized intersection of Midlothian Turnpike and Courthouse Road. It is catty-corner from Chesterfield Towne Center, the largest enclosed shopping mall in the Richmond market with 120 retailers, including major national brands such as Macy’s, JCPenney, and Barnes & Noble. Provided demographics include average household income of $113,264 within one mile, $122,129 within three miles, and $126,387 within five miles, along with population of nearly 125,000 within five miles and 533,435 within 10 miles.
The property is positioned in a major retail corridor with access and visibility to more than 77,000 vehicles daily at a hard, signalized intersection of Midlothian Turnpike and Courthouse Road. It is catty-corner from Chesterfield Towne Center, the largest enclosed shopping mall in the Richmond market with 120 retailers, including major national brands such as Macy’s, JCPenney, and Barnes & Noble. Provided demographics include average household income of $113,264 within one mile, $122,129 within three miles, and $126,387 within five miles, along with population of nearly 125,000 within five miles and 533,435 within 10 miles.
Key Highlights
- Brand‑new gLeaf medical cannabis dispensary in Midlothian, VA (Richmond MSA), currently undergoing renovations at the tenant’s expense
- 10‑year triple net (NNN) lease with 2% annual rent increases throughout the base term and option periods
- Includes two, 5‑year tenant renewal options
Property Analytics
Property Profile
Current Use
Lease Details
77,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,354
Businesses Nearby
Explore this area
Business Placement
Demographics for 23113, VA
26,190
Population
10,317
Households
2.5
Avg Household Size
46
Median Age
70%
College-Educated
98%
High-School Grad
36.5 sq mi
ZIP Area
718
Density / Sq Mi
$150,673
Median Household Income
$75,423
Median Earnings
$1,736
Median Rent
$580,200
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Cannabis property - Brand-new gLeaf dispensary undergoing tenant renovations with a 10-year NNN lease and Columbia Care guarantee.
Where is this cannabis property located?
The property is located at 11601 Midlothian Turnpike Midlothian, VA.
What are key features of this property?
This property features: Brand‑new gLeaf medical cannabis dispensary in Midlothian, VA (Richmond MSA), currently undergoing renovations at the tenant’s expense; 10‑year triple net (NNN) lease with 2% annual rent increases throughout the base term and option periods; Includes two, 5‑year tenant renewal options
