Shoppes at Bellgrade (Value-Add) — Sale in Midlothian, VA
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Midlothian, VA 23113
- Year built: 1996
Photos
Description
Marcus & Millichap is pleased to present for sale Shoppes at Bellgrade located in Midlothian, VA. Investment Highlights: • 7,452 Square Feet Retail Strip Center | Two (2) Units | NNN Leases • Outparcel to Top 10 Kroger in Richmond, VA MSA (Source: Placer Ai) • Value-Add Opportunity Pharmacy Ready to Vacate w/ 60 Day Notice • 1.13 Acres | 44 Parking Spaces | New Roof Added in 2013 • Great Clips: 3% Annual Escalations | Verizon Cell Tower: Additional Income • Dark Pharmacy Still Paying Rent Below Market Rent • Year 3 Stabilized Cap Rate: 9.00% • Kroger Anchor Center Draws 1.8 Million Visitors Annually (Source: Placer Ai)
Market Context
This retail in Midlothian, VA is listed for sale. The building dates to 1996. Compare it against other retail listings for sale in Midlothian, VA — view the full market.
As of Q2 2026, the Richmond retail market showed a 3.6% vacancy rate, and average asking rents near $19.71/SF/yr. Source: Cushman & Wakefield Q2 2026 market report.
Tight vacancy keeps competition for quality space elevated.
Retail market FAQ
- Is the Richmond retail market tightening or softening?
- Vacancy is around 3.6% (Q2 2026).
Contact
- Harrison Jones · (804) 802-6882 · harrison.m.jones@marcusmillichap.com
- Andrew Margulies · (919) 674-1108 · andrew.margulies@marcusmillichap.com
- Harrison Creason · (843) 952-2257 · harrison.creason@marcusmillichap.com
- Todd Phillips · (919) 674-1120 · todd.phillips@marcusmillichap.com
Explore this market
Similar Retail Business for Sale in Midlothian, VA
- Tennessee Plaza — Contact for price · Midlothian, VA
- Retail in Midlothian, VA — $3.2M · Midlothian, VA