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33299957
33299956

4301 Indian River Road, Chesapeake, VA 23325

$850,000
5 days on market
Updated 5 days ago

4301 Indian River Rd - Bank Branch / Drive-Thru Retail

Details
APN 0130000000030
Property Type Retail
Sub Type Bank, Convenience Store
Square Footage 5,500
Net Rentable (SqFt) 5,500
Units 15
Cap Rate 9.18%
NOI $78,030
Occupancy 100%
Tenancy Single
Brand/Tenant Bank of America
Lease Type NNN
Pro-Forma Cap Rate 9.18%
Pro-Forma NOI $78,030
Price per SqFt $155
Year Built 1960
Buildings 1
Stories 2
Acreage 0.280
Zoning B1
Parking Spaces 15 spaces
Parking Per SqFt 2.73
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Sale Condition N/A

Former bank branch | Drive-thru corner lot | 5,500 SF | 0.28 AC

Marketing description

Highly sought-after corner lot with high traffic counts, existing drive-thru, excellent visibility, former bank branch, and signalized intersection. Available immediately for sale or lease.

Asking price is $850,000, or lease at $6,500 per month NNN. The property includes 5,500 SF GLA on 0.28 AC with 2 floors, 15 parking spaces / 3.1 ratio, B1 General Business zoning, masonry construction, and 1960 year built.

Major tenant information from CoStar lists Bank of America, Finance and Insurance, occupying 5,500 SF. Call Sam Halabi at 757-277-2084.

Investment highlights

Corner lot at signalized intersection

Existing drive-thru

High traffic counts and excellent visibility

Former bank branch available immediately

5,500 SF building on 0.28 AC

15 parking spaces / 3.1 ratio

For Sale or Lease: $850,000 or $6,500/month NNN

Zoned B1 General Business

Listing Contacts

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$78,030.00
$6,502.50/mo

Valuation Metrics

0
DSCR
9.18%
Cap Rate
9.18%
ROI

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