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Chase Bank Ground Lease 5256 Providence Rd

3,333 SF Retail Building Virginia Beach, VA 23464 $2,738,000 ($821/SF) 4.65% Cap Rate

Banks Virginia Virginia Beach 5256 Providence Rd, Virginia Beach, VA 23464

Investment Highlights

  • Signalized corner intersection | Providence Rd & Fairfield SC
  • Desirable lease | Fresh 15-year term
  • Corporate lease | JP Morgan Chase Bank, N.A. | 4,700 locations worldwide
  • Brand new scrape & rebuild of old Domino’s building shown in aerials
  • Absolute Net Ground Lease | Zero landlord responsibilities
  • Outparcel of Fairfield Village Shopping Center | Approx. 200K SF of retail space | Food Lion & TJ Maxx anchored | Recent renovations

Executive Summary

Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Chase Bank Ground Lease in Virginia Beach, VA. We welcome your review of this attractive investment.

Property Facts Under Contract

Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Bank
Building Size
3,333 SF
Building Class
B
Year Built
2024
Price
$2,738,000
Price Per SF
$821
Cap Rate
4.65%
NOI
$127,305
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.60 AC
Parking
35 Spaces (10.5 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Chase
  • Finance and Insurance
  • 3,333 SF
  • $38.19
  • Triple Net
  • Oct 2039
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Chase Finance and Insurance 3,333 SF $38.19 Triple Net Oct 2039

Links

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5256 Providence Rd, Virginia Beach, VA - aerial map view - Image1
5256 Providence Rd, Virginia Beach, VA - aerial map view - Image2
5256 Providence Rd, Virginia Beach, VA - aerial map view - Image3
Walk Score®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Philly Pretzel Factory
Kroger
Navy Federal Credit Union
Dollar Bank
PNC Bank
Starbucks
Chase Bank
D-BAT
Burn Boot Camp
Food Lion
(704) 379-1985

Contacts

  • Listing ID: 33203355

  • Date on Market: 9/17/2024

  • Last Updated:

  • Address: 5256 Providence Rd, Virginia Beach, VA 23464

The Retail Property at 5256 Providence Rd, Virginia Beach, VA 23464 is currently available for sale. Contact Berkeley Capital Advisors for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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Chase Bank Ground Lease | 5256 Providence Rd
(704) 379-1985 x

Chase Bank Ground Lease | 5256 Providence Rd

1/2

Ransome Foose

(704) 379-1985

(704) 379-1985

Carl Brendes

(704) 714-2363

(704) 714-2363

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