10561 Telegraph Rd
Glen Allen, VA 23059

+ Investment Grade Tenancy: The long–term lease is backed by the credit of one of the country’s largest publicly traded financial institutions—and 13th largest retail bank—making the asset an attractive opportunity to generate stable returns through a low maintenance NN lease investment. + Long–Term Lease with Attractive Options: Citizens Bank’s long–term lease has 11.5 years of remaining lease term with one 5–year renewal option and features 2.5% annual rent escalations. + Recent Extension and Tenant Investment: Citizens Bank recently executed a 12–year lease extension through February 2031, and has committed to design an outdoor patio demonstrating their commitment to the site. + Net Lease Structure with Minimal Landlord Responsibilities: This investment opportunity features a NN lease which requires limited landlord responsibility. + Excellent Access and Visibility: The Colonial Place Virginia Center Office Park is strategically positioned with excellent access and visibility just north of the Interstate 95 (Traffic Count: 141,000 VPD) and Interstate 295 (Traffic Count: 82,000 VPD) interchange, which is known as Richmond’s Beltway. This unique location offers tenants convenient north–south access to Richmond’s CBD and east–west access to the surrounding region. + Surrounding Amenities: The office is located within the Virginia Center Regional retail market and is directly across the street from the Virginia Center Commons Mall which boasts a myriad of shopping and dining amenities. + Desirable Sub–Market: Citizens Bank Office Park is located within the Ashland / I–95 submarket of the greater Northwest Quadrant. In Q2 2018, the Quadrant observed a vacancy rate of 7.7%, which is 150 bps lower than that of the total Richmond Office Market.