6249 College Drive, Suffolk, VA 23435

Lee & Associates and Bang Realty are pleased to present for sale a newly renovated Chase Bank located in Suffolk, Virginia within the affluent Hampton Roads MSA. The property consists of a 5,458 square foot freestanding retail building situated on approximately 1.55 acres at 6249 College Drive within the highly trafficked Harbour View East retail corridor. Originally constructed in 2003 and fully reconverted in 2025 into a modern Chase prototype branch with a dedicated drive-thru ATM, the asset is secured by a new 15-year absolute NNN ground lease with JPMorgan Chase Bank, N.A. (NYSE: JPM), one of the largest and most creditworthy financial institutions in the world carrying an S&P credit rating of “AA-.”

The lease structure provides zero landlord responsibilities with Chase responsible for all taxes, insurance, maintenance, and operating expenses throughout the primary lease term and renewal options. The lease features 10% rental increases every five years during the initial term and throughout six additional five-year renewal options, offering strong long-term income growth and potential occupancy through 2070. JPMorgan Chase continues to expand its national branch footprint strategically across high-growth suburban markets, further reinforcing the long-term commitment to this location and the overall strength of the investment.

Strategically positioned at a signalized hard corner along College Drive with traffic counts exceeding 23,200 vehicles per day, the property benefits from exceptional visibility and access within one of Northern Suffolk’s dominant retail corridors. Harbour View East is home to a strong lineup of national retailers including Walmart Supercenter, Kohl’s, Dick’s Sporting Goods, TJ Maxx, HomeGoods, Burlington, PetSmart, Chick-fil-A, Chipotle, and Verizon, driving significant daily consumer traffic to the immediate trade area. The surrounding demographics are exceptionally strong with more than 91,000 residents and average household incomes exceeding $130,000 within a five-mile radius. Additionally, the property is supported by nearby military and government employment hubs including the DOD Suffolk Complex, Joint Warfighting Center, Naval Information Forces, and Navy Cyber Defense Operations Command, providing a stable and diversified economic foundation throughout the Hampton Roads region.