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    1200 Alverser Dr Midlothian, VA 23113

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    For Sale
    $4,765,000

    NNN leased Southern States in Midlothian, Virginia for sale.

    Property size:
    25,000 SF
    Lot size:
    2.96 Acres

    Property Features for 1200 Alverser Dr

    General Information

    Size
    25,000 SF
    Lot size
    2.96 Acres

    Source: SRS Real Estate Partners | McLean Agent Andrew Fallon

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

    Overview

    Southern States Investment Property

    This is an opportunity to acquire the fee simple interest in an absolute NNN leased Southern States investment property, situated in Midlothian, Virginia. The property encompasses 25,000 square feet. The tenant, Southern States, has 2 years remaining on their 10-year lease, with one 10-year option to extend. The lease includes 10% rental increases every 5 years throughout the option period. The lease is absolute NNN with zero landlord responsibilities.
    Insight Report Location Intelligence

    Current Use by Public Records

    Southern States - Midlothian Agricultural Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    Sam's Club Floral, Flowers Make Scents

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.6180067
    Latitude
    37.5076667

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    FAQs

    What type of property is this?
    Storefront property - NNN leased Southern States in Midlothian, Virginia for sale.
    Where is this storefront property located?
    The property is located at 1200 Alverser Dr Midlothian, VA.
    What is the asking price?
    The asking price for this property is $4,765,000.
    What are key features of this property?
    This property features: - Absolute NNN lease offers a management-free, passive investment.; - Southern States tenant with 2 years remaining on the initial 10-year lease and 1 (10-year) option to extend.; - Features 10% rental increases every 5 years throughout the option period.
    (202) 286-1542
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    1200 Alverser Dr Midlothian, VA 23113
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1200 Alverser Dr Midlothian, VA 23113
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