4210 Portsmouth Blvd
Chesapeake, VA 23321
OfficeMax | NNN Lease · Retail Property For Sale
Property Facts
Amenities
- Bus Line
- Dedicated Turn Lane
- Signalized Intersection
About 4210 PORTSMOUTH BLVD , CHESAPEAKE, VA 23321
CBRE is pleased to exclusively present for sale this 23,504 square foot OfficeMax property located on 2.9 acres in Chesapeake, VA. This is a NNN lease with no landlord responsibilities or expenses. OfficeMax has been a long term tenant at this site since 1995 showing a strong commitment to a successful location. There are over two years remaining on the current lease term with four, five year option periods remaining. Option 1 will feature an attractive 25% rental increase in 2020. OfficeMax is strategically situated as an outparcel to the Chesapeake Square Mall, anchored by JCPenney and Target. OfficeMax has frontage and visibility from Portsmouth Road, a main retail corridor in Chesapeake with over 32,000 vehicles traveling by daily. This corridor is home to countless major retailers including Walmart, Sam's Club, Target, Food Lion, Best Buy, Home Depot and ALDI to name a few. The area also boasts excellent demographics with over 6,500 people in the 1-mile ring, over 58,000 in the 3-mile ring, and over 137,500 within 5-mile ring.
Property Taxes
| Parcel Number | 0106009000062 | Improvements Assessment | $318,700 |
| Land Assessment | $1,815,100 | Total Assessment | $2,133,800 |
Property Taxes
