Property Summary
Introducing 4416 Portsmouth Boulevard, Chesapeake, VA – an exceptional commercial real estate opportunity tailor-made for sophisticated investors. This property boasts a prime location, a lucrative tenant lineup, and an impressive income-generating potential.
Situated on bustling Portsmouth Boulevard, 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.
The property comprises 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.
Investing in 4416 Portsmouth Boulevard 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.
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 Boulevard, Chesapeake, VA – a secure and profitable addition to your portfolio. Contact us today to seize this exceptional opportunity.
PROPERTY DETAILS
| Parcel ID | 0150000001327 |
|---|---|
| Zoning Desc. | B-1 |
| Construction Date | 2002 |
| Co-broker Fee | Yes |