6249 College Dr - Bank FOR SALE


Suffolk, VA 23435
$5,250,000 USD
760-448-2449
6249 College Dr, Suffolk, VA for Sale
$5,250,000 USD
Bank - FOR SALE
1/13
null | 4.19% Cap Rate

6249 College Dr
Suffolk, VA 23435


HIGHLIGHTS

  • Corporate Lease Guaranty from Chase Bank (NYSE: JPM) | S&P “AA-“ Investment Grade Credit Rating | $182 Billion in Revenue (2024)
  • New 15 Year Absolute NNN Ground Lease | No Landlord Responsibilities | Full Building Remodel in 2025 | 10% Rent Increases Every 5 Years
  • Affluent Hampton Roads MSA | 1.8 Million People in Major Mid-Atlantic Coastal Metro | $130,000 Average Household Incomes within 5-mile Radius
  • Outparcel to Busy Harbour View East Shopping Center | Anchored by High Performing Walmart Supercenter
  • Co-Tenancy Includes Kohl’s, Dick’s Sporting Goods, TJ Maxx, Burlington Coat Factory, and HomeGoods

OVERVIEW

Lee & Associates and Bang Realty are pleased to present for sale a newly renovated Chase Bank located in Suffolk, Virginia within the affluent Hampton Roads MSA. The property consists of a 5,458 square foot freestanding retail building situated on approximately 1.55 acres at 6249 College Drive within the highly trafficked Harbour View East retail corridor. Originally constructed in 2003 and fully reconverted in 2025 into a modern Chase prototype branch with a dedicated drive-thru ATM, the asset is secured by a new 15-year absolute NNN ground lease with JPMorgan Chase Bank, N.A. (NYSE: JPM), one of the largest and most creditworthy financial institutions in the world carrying an S&P credit rating of “AA-.”

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$962 USD /SF

CAP RATE

4.19%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chase Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Bank, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

B2

APN/PARCEL ID

304936400

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

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