11321 Genito Rd Midlothian, VA 23112-3641

Property Details for 11321 Genito Rd

Year built

1988

Lot size

0.50 lot acres

Property size

1,760 SF

Zone code

C3 - COMMUNITY BUS DIST

Property type

Automotive properties

APN

743-68-45-42-200-000

APU

743684542200000

Description

This exceptional investment opportunity presents a 1,760 square foot Jiffy Lube located at 11321 Genito Rd, Midlothian, VA 23112. The property sits on a 0.5-acre lot and boasts a strong Net Lease (NN) structure with minimal landlord responsibilities. Currently operating under a single-tenant lease with Jiffy Lube International, Inc., the lease commenced September 3, 1996, and has a remaining term of 6.9 years, expiring September 29, 2031. The current annual Net Operating Income (NOI) is $81,000, representing a 7.25% capitalization rate based on the asking price of $1,117,240 ($634.80 per square foot). The lease includes a 10% rent increase every five years, with the next increase scheduled for October 1, 2026, boosting the annual rent to $90,000. Built in 1988, this well-established business benefits from its location in a densely populated area, with over 133,442 residents within a 5-mile radius and an affluent 3-mile radius boasting an average household income exceeding $107,796. The property enjoys excellent visibility and accessibility, situated near Hull Street Rd (43,000+ vehicles daily) and Genito Rd (9,700+ vehicles daily), and is conveniently located just 14 miles from Richmond, Virginia. This offering presents a compelling investment opportunity with a stable tenant, strong cash flow, and significant upside potential.