1280 Military Hwy Norfolk, VA 23502
High-Yield Bank Investment Opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
Highlights
- Wells Fargo Bank as tenant with nearly $108 million in deposits.
- 20-year operating history at this location.
- Investment-grade credit tenant (S&P: BBB+).
- Rare 8-lane drive-thru.
- Additional annual billboard income exceeding $11,000.
- 15% rental increases during option periods.
Property Details for 1280 Military Hwy
- Property type
- Retail properties, Banks
- Square Feet
- 4,500 SF
- Lot Size (sq. ft)
- 69,870 SF
Location Insight
- City
- Norfolk
- County
- Norfolk City
- State
- Virginia
- Latitude
- 36.86704693
- Longitude
- -76.21050565
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-Yield Bank Investment Opportunity
- Where is the retail property located?
- The property is located at 1280 Military Hwy Norfolk, VA.
- What is the asking price?
- The asking price for this property is $2,813,633.
- What are key features of this property?
- This property features: Wells Fargo Bank as tenant with nearly $108 million in deposits.; 20-year operating history at this location.; Investment-grade credit tenant (S&P: BBB+).
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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