6357 Mechanicsville Tpke
Mechanicsville, VA 23111
Retail Property For Sale

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a Chase Bank ground lease located at 6357 Mechanicsville Turnpike in Mechanicsville, Virginia (the “Property”). The recently renovated retail branch consists of a 2,637 square foot building with four drive-thru lanes on a corner parcel. Chase Bank has 8+ years remaining on their Absolute NNN Ground Lease with four (4), five-year renewal options. The Lease call for attractive 10% rent increases every five years throughout the base term and at the start of each renewal option period. Chase Bank is situated on a corner parcel at the intersection of Brashier Boulevard and Mechanicsville Turnpike (US Route 360), the area’s primary commercial and commuter corridor. The Property features outstanding frontage and visibility and is shadow anchored by a Kroger anchored shopping center. Chase Bank is surrounded by national retailers and restaurants that drive traffic to the area and is convenient to area schools, residential neighborhoods and apartment communities that provide a built-in customer base. The Property is 2.2-miles from Interstate 295 and 9 miles from Downtown Richmond.