NNN Retail Investment
4416 Portsmouth Boulevard Chesapeake Virginia 23321
$1,350,000
Introducing 4416 Portsmouth Blvd in Chesapeake, VA – an exceptional commercial real estate opportunity. Situated on bustling Portsmouth Boulevard, this property boasts a prime location, a lucrative tenant lineup, and an impressive income-generating potential. This investment gem benefits from a high-traffic count, ensuring excellent visibility and exposure for your tenants. With a strategic placement in Chesapeake, VA, the property draws from a vibrant local economy supported by nearby prominent employers, fostering a strong and stable tenant base.
The surrounding area thrives with a diverse range of businesses, attracting a consistent flow of customers and contributing to the property’s success. Demographic data reveals a robust median income, reflecting the region’s prosperous economic climate and residents’ strong purchasing power. This is your chance to capitalize on an enticing commercial real estate investment that combines a desirable location, strong demographics, and a stable cash flow. Don’t miss out on the potential offered by 4416 Portsmouth Blvd, a secure and profitable addition to your portfolio. Contact us today to seize this exceptional opportunity.
The property is comprised of three tenants, each embarking on a fresh five-year triple net lease term. This lease structure places the responsibility for property expenses, including taxes, insurance, and maintenance, on the tenants, making it an attractive investment with predictable and stable cash flow. 4416 Portsmouth Blvd is tailor-made for sophisticated investors. Investing in the property offers the opportunity to secure long-term, hassle-free returns while benefiting from the property’s established tenant relationships. With their commitment to a new lease term, the tenants signal confidence in the location and their ability to generate consistent revenue.
Justin is a seasoned commercial real estate expert with over 15 years worth of experience. Having a widespread knowledge of the Richmond real estate market, Justin is comfortable handling many types of transactions, but his primary practice areas are multifamily and investment sales. Justin possesses a commanding knowledge of Richmond’s rental market, providing his clients with in-depth analysis of the competitive landscape and value-added solutions. Justin is a Richmond native and a graduate of Virginia Commonwealth University.
Tom Rosman has been brokering investment real estate since the early 1990’s in the Richmond, VA, metro area. He has brought hundreds of transactions to a successful conclusion, including large apartment complexes, apartment buildings in historic neighborhoods, office buildings, retail properties, mixed use buildings, and numerous historic adaptive reuse properties.
Tom was one of the first brokers to recognize the transformative changes occurring in many of Richmond’s most architecturally significant but ignored neighborhoods. Having helped place many of the warehouses and other commercial structures in the hands of Richmond’s development community, Tom’s belief in what a property should be was never compromised by the condition it was in.
DISCLAIMER: This offering memorandum is intended as a reference for prospective purchasers in the evaluation of the property and its suitability for investment. Neither One South Commercial nor Seller make any representations or warranties with respect to the accuracy or completeness of the materials contained in the offering memorandum. Prospective purchasers should evaluate the property independently and rely solely on such independent evaluation in determining whether to purchase the property. The offering memorandum, pricing, and terms therein are subject to change or withdrawal at the discretion of Seller and One South Commercial, as Seller’s exclusive representative. *Information provided deemed reliable but not guaranteed
