This Retail Property is no longer advertised on LoopNet.com.

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
Bank
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

Property Taxes

Parcel Number
1466-54-9215
Land Assessment
$1,270,700
Improvements Assessment
$535,800
Total Assessment
$1,806,500
  • Listing ID: 34924656

  • Date on Market: 2/24/2025

  • Last Updated:

  • Address: 5224 Providence Rd, Virginia Beach, VA 23464

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