This Retail Property is Off-Market.

2425 Airline Boulevard
Portsmouth, VA 23701 ·

14,550 SF · Retail For Sale

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Walgreens

Price N/A Occupancy 100%
Building Size 14,550 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Year Built 2007
Property Use Type Investment Lot Size 1.63 AC
Cap Rate 6%
Listing ID: 15156051 Date Created: 05/28/2007 Last Updated: 01/04/2008

Description

Absolute net 25 year lease with ten five-year options; rent is scheduled to commence mid-2007.

The City of Portsmouth is situated in Virginia's Hampton Roads region and is part of the Norfolk/Virginia Beach/ Newport News Metropolitan Statistical Area (MSA). Immediately across from the Walgreens site is "Victory Crossing" (formerly Tower Mall ) which includes Lowe's Home Improvement, Dollar Tree, Farm Fresh Grocery, A.J. Wright, and Ruby Tuesdays.

Highlights

  • S&P A+ Credit
  • August 2007 Rent Commencement
  • Dense In-fill Location
  • Absolute Net Lease

Research

2425 Airline Boulevard, Portsmouth, VA 23701 (Portsmouth City County)

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