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5224 Providence Rd
Virginia Beach, VA 23464
PNC Bank Ground Lease · Retail Property For Sale
Investment Highlights
- Absolute Net Ground Lease | Zero landlord responsibilities
- 2% annual rent increases
- Proven location | Long operating history since 1993
- Corporate lease | PNC Bank, N.A. | 2,600 locations across the US
- Strong site commitment | Tenant has renewed for six options
- Outparcel of Fairfield Village Shopping Center | Approx. 200K SF of retail space | Food Lion & TJ Maxx anchored | Recent renovations
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,262 SF
Building Class
C
Year Built
1977
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.63 AC
Zoning
B2
Parking
16 Spaces (7.07 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 1466-54-9215 | Improvements Assessment | $535,800 |
| Land Assessment | $1,270,700 | Total Assessment | $1,806,500 |
Property Taxes
Parcel Number
1466-54-9215
Land Assessment
$1,270,700
Improvements Assessment
$535,800
Total Assessment
$1,806,500
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