916 S Military Hwy
Virginia Beach, VA 23464
Truist Bank · Retail Property For Sale

An outstanding investment opportunity is available with this single-tenant property at 916 S. Military Highway in Virginia Beach, Virginia. Featuring a 3,367-square-foot building on 0.76 acres, the asset is leased to Truist Bank under a long-term agreement expiring August 31, 2037. This absolute NNN lease structure ensures zero landlord responsibilities while providing consistent income growth, supported by 2% annual rent increases. The offered sale price is $1,899,000 with a 5.7% cap rate, aligning with the stability and creditworthiness of the current tenant.
Strategically positioned within the Indian River Shopping Center at the signalized intersection of South Military Highway and Indian River Road, the property benefits from high visibility and significant traffic counts along U.S. Route 13. Enhanced by pylon signage, a dedicated turn lane, and proximity to Norfolk International Airport just 6.8 miles away, the location offers strong connectivity for the tenant and sustained long-term appeal for investors. The surrounding area features dense demographics, robust incomes, and strong consumer activity within a three-mile radius, reinforcing its reliability as an investment asset poised for continued performance.