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4301 Indian River Road
Chesapeake, VA 23325
Asking Price
$850K
Cap Rate
9.18%
Asset Type
Bank Retail
Class
Class B
What's Special
Former bank branch | Drive-thru corner lot | 5,500 SF | 0.28 AC <p>Corner lot at signalized intersection</p><p>Existing drive-thru</p><p>High traffic counts and excellent visibility</p><p>Former bank branch available immediately</p><p>5,500 SF building on 0.28 AC</p><p>15 parking spaces / 3.1 ratio</p><p>For Sale or Lease: $850,000 or $6,500/month NNN</p><p>Zoned B1 General Business</p>
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NOI
$80,000
Cap Rate
9.41%
DSCR
1.59
Strong
Cash-on-Cash
11.58%
Monthly Payment
$4,205.336
Annual Cash Flow
$29,535.965
