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Starbucks 5000 Portsmouth Blvd

2,500 SF Retail Building Chesapeake, VA 23321 $4,071,528 CAD ($1,629 CAD/SF) 6% Cap Rate

Retail Buildings Virginia Chesapeake 5000 Portsmouth Blvd, Chesapeake, VA 23321

Investment Highlights

  • Brand new 10-year lease
  • Investment Grade Credit | Baa1/BBB+
  • Close proximity to I-664 | Main thoroughfare between Newport News and Chesapeake | 85,000 VPD
  • Corporate Lease | Starbucks Corp. | 38,000+ locations across 86 countries
  • Located on a signalized corner intersection with great visibility from Portsmouth Blvd
  • Located inside of dense industrial corridor | 6.3M SF within a 2-mile radius

Executive Summary

Carl Brendes and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Starbucks in Chesapeake, VA. We welcome your review of this attractive investment.

Property Facts

Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,500 SF
Year Built
2024
Price
$4,071,528 CAD
Price Per SF
$1,629 CAD
Cap Rate
6%
NOI
$244,292 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
1.04 AC
Zoning
B2: GENERA
Parking
19 Spaces (7.6 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Starbucks
  • Accommodation and Food Services
  • 2,500 SF
  • $97.69 CAD
  • Double Net
  • Apr 2034
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Starbucks Accommodation and Food Services 2,500 SF $97.69 CAD Double Net Apr 2034

Links

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PROPERTY TAXES

Parcel Number 0150000001920 Improvements Assessment $1,334,619 CAD
Land Assessment $590,291 CAD Total Assessment $1,924,910 CAD

PROPERTY TAXES

Parcel Number
0150000001920
Land Assessment
$590,291 CAD
Improvements Assessment
$1,334,619 CAD
Total Assessment
$1,924,910 CAD
(704) 714-2363

  • Listing ID: 33323147

  • Date on Market: 2024-09-27

  • Last Updated:

  • Address: 5000 Portsmouth Blvd, Chesapeake, VA 23321

The Retail Property at 5000 Portsmouth Blvd, Chesapeake, VA 23321 is currently available For Sale. Contact Berkeley Capital Advisors for more information.

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Starbucks | 5000 Portsmouth Blvd
(704) 714-2363 x

Starbucks | 5000 Portsmouth Blvd

1/2

Carl Brendes

(704) 714-2363

(704) 714-2363

Ransome Foose

(704) 379-1985

(704) 379-1985

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