1921 Boulevard - Bank FOR SALE


Colonial Heights, VA 23834- Petersburg-Colonial Heights
$1,709,000 USD
972-755-5205
1921 Boulevard, Colonial Heights, VA for Sale
$1,709,000 USD
Bank - FOR SALE
1/4
null | 6.5% 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

Offered for sale is 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. Broker of Record Brian Hosey 7200 Wisconsin Ave., Suite 1101 Bethesda, MD 20814 (202) 536-3700 Lic #: 0225247494

FOR SALE DETAILS

PRICE

$1,709,000 USD

PRICE/SF

$531 USD /SF

CAP RATE

6.5%

% 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

-

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.