440 Chestnut St
Portsmouth, VA 23704
Property For Lease
Highlights
- Freestanding 2,644 SF building with existing drive-thru infrastructure.
- Less than 0.4 miles from I-264, providing excellent regional access.
- Surrounded by national QSR brands and retail anchors for strong co-tenancy.
- Located on a 0.8-acre lot with 29 surface parking spaces.
- Strong traffic counts with 22,000 VPD at Chestnut St./London Blvd.
- Ideal for quick-service, fast casual, or medical/retail conversion.
Property Facts
| Property Type | Retail | Gross Leasable Area | 2,644 SF |
| Property Subtype | Fast Food | Year Built | 2002 |
| Property Type | Retail |
| Property Subtype | Fast Food |
| Gross Leasable Area | 2,644 SF |
| Year Built | 2002 |
About the Property
Strategically located less than 0.4 miles from I-264, the site offers excellent regional connectivity and strong traffic counts, with over 22,000 vehicles per day at Chestnut Street and London Boulevard. Its proximity to Downtown Portsmouth, the historic Olde Towne waterfront district, and the Naval Medical Center Portsmouth provides a steady flow of daytime and weekend traffic from both local residents and visitors. The surrounding trade area features a robust mix of national retailers, including Wawa, Starbucks, McDonald’s, Taco Bell, and Wendy’s, reinforcing the site’s retail synergy and consumer draw. With strong demographics—over 236,000 residents within a five-mile radius and average household incomes exceeding $84,000—the property offers a compelling location for operators looking to capture a dense and diverse customer base. This is a rare opportunity to secure a second-generation restaurant space in a proven retail corridor with excellent visibility and signage potential.
- Bus Line
- Pylon Sign
