745 Lynnhaven Pkwy Virginia Beach, VA 23452-7304

This exceptional investment opportunity presents a 3,217 square foot Bank of America branch located at 745 Lynnhaven Parkway, Virginia Beach, VA 23452. The property sits on a 0.56-acre lot and is part of a thriving commercial area, benefiting from high visibility and traffic flow of approximately 55,000 vehicles daily. Built in 1982, this single-story building operates under a corporate-guaranteed absolute triple-net (NNN) ground lease with Bank of America, offering minimal landlord responsibilities. The current lease term expires January 30, 2027, with 2.2 years remaining, followed by one 5-year renewal option with a 10% rent increase. The annual net operating income (NOI) is $181,429, resulting in a 6.00% cap rate and a price per square foot of $939.95. The property boasts 22 parking spaces and is zoned B-2 Community Business. With a strong credit tenant, favorable lease terms, and a prime location in a densely populated area (237,844 people within a 5-mile radius, average household income $98,176), this presents a compelling investment opportunity in a growing market. The property's location within Virginia Beach, a city experiencing steady economic growth, further enhances its long-term value. The asking price is $3,023,812.