Single-Tenant Bank
For Sale
Contact for pricing
1430 Building 12 High Street, Williamsburg, VA 23185
Condominium interest in a stand-alone property leased on a NNN ground lease to Sonabank in Williamsburg.
Property SizeContact for details
Days on Market123
Property Features for 1430 Building 12 High Street
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Forged Real Estate
(610) 608-2621
Listed By:
Marc Mandel · License #NJ
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 3:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Forged Real Estate
Investment Insights
Based on property information with market context.
JLL is pleased to exclusively offer the opportunity to acquire the condominium interest in a single-tenant, stand-alone property leased to Sonabank. The property is operated under an NNN ground lease with more than 9 years of remaining term and two, five-year option periods.
The lease includes 2% annual increases throughout the remaining lease term and options. The offering is inclusive of a sublease agreement between Sonabank and Coldwell Banker, intended to provide investors with additional cash flow if the tenant continues to operate at the location beyond their initial term.
The property is located at 1430 Building 12 High Street in Williamsburg, Virginia.
The lease includes 2% annual increases throughout the remaining lease term and options. The offering is inclusive of a sublease agreement between Sonabank and Coldwell Banker, intended to provide investors with additional cash flow if the tenant continues to operate at the location beyond their initial term.
The property is located at 1430 Building 12 High Street in Williamsburg, Virginia.
Key Highlights
- Condominium interest in a stand‑alone property leased to Sonabank under a NNN ground lease.
- More than 9 years remaining on the NNN ground lease, with two (2) five (5) year option periods.
- Lease includes 2% annual increases throughout the remaining lease term and options.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
303k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 19%
Groceries 11%
Hotels & Casinos 9%
Aldi
Groceries
27,237 visits/mo
0.2 miles
McDonald's
Dining
22,305 visits/mo
0.4 miles
Ollie's Bargain Outlet
Shops & Services
20,251 visits/mo
0.4 miles
Staples
Office Supplies
18,046 visits/mo
0.4 miles
Chipotle Mexican Grill
Dining
15,960 visits/mo
0.3 miles
Demographics for 23185, VA
51,566
Population
22,879
Households
2.3
Avg Household Size
40
Median Age
52%
College-Educated
94%
High-School Grad
57.2 sq mi
ZIP Area
902
Density / Sq Mi
$103,507
Median Household Income
$40,724
Median Earnings
$1,425
Median Rent
$413,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Condominium interest in a stand-alone property leased on a NNN ground lease to Sonabank in Williamsburg.
Where is this bank located?
The property is located at 1430 Building 12 High Street Williamsburg, VA.
What are key features of this property?
This property features: Condominium interest in a stand‑alone property leased to Sonabank under a NNN ground lease.; More than 9 years remaining on the NNN ground lease, with two (2) five (5) year option periods.; Lease includes 2% annual increases throughout the remaining lease term and options.
