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6720 Mooretown Rd
Williamsburg, VA 23188

Chase Bank · Retail Property For Sale

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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.

PROPERTY FACTS

Sale Type

Investment

Sale Condition

Ground Lease (Leased Fee)

Property Type

Retail

Property Subtype

Bank

Building Size

3,992 SF

Building Class

Year Built/Renovated

2006/2024

Price

$4,710,920 CAD

Price Per SF

$1,180 CAD

Cap Rate

4.75%

NOI

$223,769 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.08

Lot Size

1.16 AC

Zoning

Parking

32 Spaces (8.02 Spaces per 1,000 SF Leased)

Frontage

116 ft on Mooretown Rd

Amenities

Bus Line

Pylon Sign

Signage

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