Bank
Bank of America
1921 Boulevard, Colonial Heights, VA 23834
Listing Price: $1,777,000
Investment Overview
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.
Bank of America
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
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Managing Director / Market Leader
Listing Price: $1,777,000
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
Investment Overview
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.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Managing Director / Market Leader
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
