Chase Bank 6720 Mooretown Rd 3,992 SF Retail Building Williamsburg, VA 23188 $3,285,000 ($822.90/SF) 4.75% Cap Rate

INVESTMENT HIGHLIGHTS

  • New 15-Year Lease | Absolute NNN Ground Lease
  • Attractive Rent Increases
  • High-Traffic Trade Area
  • Guaranty from Nation's Largest Bank
  • Near Major Traffic Drivers | Signalized Access to the Site
  • Newly Renovated

EXECUTIVE SUMMARY

Northmarq, on behalf of ownership, is pleased to offer the new Chase Bank located in the picturesque and historic city of Williamsburg, VA. Williamsburg is the halfway point between Richmond and Norfolk-Virginia Beach nestled between the York and James Rivers along I-64.
Renovations on the 3,992 SF building will be completed in early-2025 to suit Chase Bank. The Property is situated on 1.16 acres on a signalized hard corner neighboring Chick-Fil-A and as an outparcel to Home Depot. Other notable neighbors include the Sentara Williamsburg Regional Medical Center, Walmart Super Center, and Lowe's.

ATTACHMENTS

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PROPERTY FACTS

Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Bank
Building Size
3,992 SF
Building Class
B
Year Built/Renovated
2006/2025
Price
$3,285,000
Price Per SF
$822.90
Cap Rate
4.75%
NOI
$156,038
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.16 AC
Zoning
EO - economic o, banks
Parking
32 Spaces (8.02 Spaces per 1,000 SF Leased)
Frontage
116’ on Mooretown Rd

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage

NEARBY MAJOR RETAILERS

Chase Bank
Truist
Woodforest National Bank
Ymca
Starbucks
IHOP
Teriyaki Madness
  • Listing ID: 34188654

  • Date on Market: 12/13/2024

  • Last Updated:

  • Address: 6720 Mooretown Rd, Williamsburg, VA 23188