1921 Boulevard - Bank FOR SALE


Colonial Heights, VA 23834- Petersburg-Colonial Heights
$1,777,000 USD
972-755-5205
1921 Boulevard, Colonial Heights, VA for Sale
$1,777,000 USD
Bank - FOR SALE
1/4
null | 6.25% Cap Rate

1921 Boulevard
Colonial Heights, VA 23834
Petersburg-Colonial Heights


HIGHLIGHTS

  • Ground Lease with 4.9 Years Remaining - 50-Year Operating History
  • High-Performing Branch With $217M+ in Deposits
  • Below Market Rent Compared to Other Bank of America Branches
  • Signalized Hard Corner Location on Temple Avenue and U.S. Route 301 29,237 VPD
  • More Than 92,161 Residents Within a Five-Mile Radius
  • Strategic Location in Virginia’s Tri-Cities Region

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a ground lease Bank of America in Colonial Heights, VA. The property consists of a 3,221-square-foot, freestanding building that sits on approximately 1.01 acres of land. There are 4.9 years remaining on the lease with CPI rental increases every six years.

FOR SALE DETAILS

PRICE

$1,777,000 USD

PRICE/SF

$552 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank of America

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

B1

APN/PARCEL ID

5500-05-00-001

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.