5000 Portsmouth Blvd - Freestanding FOR SALE
Chesapeake, VA 23321 |
$2,895,000 USD
704-714-2363
5000 Portsmouth Blvd
Chesapeake, VA 23321
HIGHLIGHTS
- Brand new 10-year lease
- Corporate Lease | Starbucks Corp. | 38,000+ locations across 86 countries
- Investment Grade Credit | Baa1/BBB+
- Located on a signalized corner intersection with great visibility from Portsmouth Blvd
- Close proximity to I-664 | Main thoroughfare between Newport News and Chesapeake | 85,000 VPD
- Located inside of dense industrial corridor | 6.3M SF within a 2-mile radius
FOR SALE DETAILS
PRICE
$2,895,000 USD
PRICE/SF
$1,158 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Starbucks
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
19
LAND DETAILS
LAND ACRES
1.04 AC
LAND SF
45,302 SF
ZONING
B2: GENERA
APN/PARCEL ID
0150000001920
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704-714-2363
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704-714-2363
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