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Investment Details

Price: $2,250,000 Location: Midlothian , VA
Cap Rate: 6.00% Lease Type: Ground Lease
NOI: $135,000 Lease Expiration: January 2028
Demographic Information (5-Mile Radius)
2020 Population: 121,324
2025 Population: 129,931
2020 Average Household Income: $111,474
2020 Median Household Income: $91,791
Contact
Keith Sturm, CCIM
keith@upland.com
612.376.4488
Deborah Vannelli, CCIM
deb@upland.com
612.376.4475

CHILI'S GROUND LEASE

Midlothian | Virginia
Highlights
• Chili’s Ground Lease has 7 years & 3 months remaining on the lease.
• Chili’s has solid store sales performance at this location.
• Chesapeake Foods, Inc. is the tenant on the lease and operates 24 Chili’s restaurants.
• Today, there are over 1,600 Chili’s Restaurant locations in 32 different countries worldwide.
• Excellent demographics with nearly 122,000 residents in a 5-mile radius.
• Ideal location as an out parcel to the Chesterfield Crossing anchored by The Home Depot.

CHILI'S GROUND LEASE

Midlothian | Virginia

Highlights
• Chili’s Ground Lease has 7 years & 3 months remaining on the lease.
• Chili’s has solid store sales performance at this location.
• Chesapeake Foods, Inc. is the tenant on the lease and operates 24 Chili’s restaurants.
• Today, there are over 1,600 Chili’s Restaurant locations in 32 different countries worldwide.
• Excellent demographics with nearly 122,000 residents in a 5-mile radius.
• Ideal location as an out parcel to the Chesterfield Crossing anchored by The Home Depot.

Investment Details

Price: $2,250,000
Location: Midlothian , VA
Cap Rate: 6.00%
Lease Type: Ground Lease
NOI: $135,000
Lease Expiration: January 2028
Demographic Information (5-Mile Radius)
2020 Population: 121,324
2025 Population: 129,931
2020 Average Household Income: $111,474
2020 Median Household Income: $91,791
Contact
Keith Sturm, CCIM
keith@upland.com
612.376.4488
Deborah Vannelli, CCIM
deb@upland.com
612.376.4475

©2015 Upland Real Estate Group, Inc. All rights reserved. Upland Real Estate Group, Inc.
50 South 6th Street | Suite 1418
Minneapolis | MN | 55402
Main: 612.332.6600 | Fax: 612.376.4489
©2015 Upland Real Estate Group, Inc. All rights reserved.
Upland Real Estate Group, Inc.
50 South 6th Street | Suite 1418
Minneapolis | MN | 55402
Main: 612.332.6600 | Fax: 612.376.4489