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5000 Portsmouth Blvd
Chesapeake, VA 23321
Starbucks · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Starbucks Corporation, with over 38,000 locations in 86 countries, secures this investment with a 10-year net lease.
  • Backed by Starbucks’ investment-grade credit rating (Baa1/BBB+), ensuring tenant financial stability.
  • 10% rent increases every five years across the initial term and six 5-year options provide predictable income growth
  • Tenant handles all taxes, insurance, and most maintenance, offering a low-maintenance investment opportunity.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
2,500 SF
Building Class
C
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.04 AC
Zoning
B2: GENERA
Parking
27 Spaces (10.8 Spaces per 1,000 SF Leased)
Frontage
104’ on Portsmouth Blvd

AMENITIES

  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0150000001920
Land Assessment
$475,100
Improvements Assessment
$1,869,000
Total Assessment
$2,344,100
  • Listing ID: 36111125

  • Date on Market: 6/4/2025

  • Last Updated:

  • Address: 5000 Portsmouth Blvd, Chesapeake, VA 23321

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