Freestanding Bank
For Sale
$1,709,000
1921 Boulevard, Colonial Heights, VA 23834
Ground-lease bank property with an existing institutional tenant and scheduled CPI rental increases.
Property Size3,221 SF
Lot Size1.01 Acres
Price / SF$530.58
Days on Market47
Property Features for 1921 Boulevard
General Information
Standard status
Active
Size
3,221 SF
Lot size
1.01 Acres
Property subtype
Bank
Additional Details
Cap Rate
6.5%
Amenities
Ground Lease with 3.6 Years Remaining - 51-Year Operating History
High-Performing Branch With $217M+ in Deposits
Below Market Rent Compared to Other Bank of America Branches
Signalized Hard Corner Location on Temple Avenue and U.S. Route 301 29,237 VPD
More Than 92,161 Residents Within a Five-Mile Radius
Strategic Location in Virginia's Tri-Cities Region
Building Details
Building Size
3,221 SF
Buildings
1
Tenancy
Single
Listing Agency:
Dallas Office
Listed By:
Vince Knipp · License #License(s): TX: 0579633
(972) 755-5205
Source:
Marcusmillichap
Added: Sep 19
Changed: Nov 1
Last Checked: Nov 3 at 3:00AM
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 Dallas Office
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Investment Insights
Based on property information with market context.
This offering comprises a freestanding bank building containing 3,221 square feet on approximately 1.01 acres. The property is occupied by Bank of America under a ground lease, providing an existing commercial use within the building and site.
The property is located at 1921 Boulevard in Colonial Heights, Virginia. The lease has 3.6 years remaining and includes CPI-based rent increases every six years, establishing defined escalation terms during the lease period.
The property is located at 1921 Boulevard in Colonial Heights, Virginia. The lease has 3.6 years remaining and includes CPI-based rent increases every six years, establishing defined escalation terms during the lease period.
Key Highlights
- 3,221‑square‑foot freestanding bank building
- Approximately 1.01 acres of land
- Ground lease with Bank of America
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
163k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 39%
Apparel 5%
Electronics 2%
Royal Farms
Shops & Services
34,950 visits/mo
0.4 miles
Dollar Tree
Shops & Services
18,757 visits/mo
0.3 miles
Wendy's
Dining
11,630 visits/mo
0.2 miles
Waffle House
Dining
9,005 visits/mo
0.0 miles
Goodwill
Apparel
8,825 visits/mo
0.3 miles
Demographics for 23834, VA
26,635
Population
11,493
Households
2.3
Avg Household Size
40
Median Age
29%
College-Educated
93%
High-School Grad
23.8 sq mi
ZIP Area
1,119
Density / Sq Mi
$82,314
Median Household Income
$45,000
Median Earnings
$1,214
Median Rent
$236,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Bank - Ground-lease bank property with an existing institutional tenant and scheduled CPI rental increases.
Where is this bank located?
The property is located at 1921 Boulevard Colonial Heights, VA.
What is the asking price?
The asking price for this property is $1,709,000.
What are key features of this property?
This property features: 3,221‑square‑foot freestanding bank building; Approximately 1.01 acres of land; Ground lease with Bank of America
