Bank Of America — Sale in Colonial Heights, VA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Colonial Heights, VA 23834

Investment Figures

Cap rate
6.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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. Investment 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

Market Context

This retail in Colonial Heights, VA is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 101 days. Compare it against other retail listings for sale in Colonial Heights, VA — view the full market.

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