5000 Portsmouth Blvd | Chesapeake, VA 23321
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- LoopNet Team
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
| Parcel Number | 0150000001920 | Improvements Assessment | $1,869,000 |
| Land Assessment | $475,100 | Total Assessment | $2,344,100 |
PROPERTY TAXES
Parcel Number
0150000001920
Land Assessment
$475,100
Improvements Assessment
$1,869,000
Total Assessment
$2,344,100
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