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- LoopNet Team
5914 W High St
Portsmouth, VA 23703
Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
ABOUT 5914 W HIGH ST , PORTSMOUTH, VA 23703
The 13,824 square foot Rite Aid benefits from its location along High St (18,000 VPD) which is a primary east-west thoroughfare. Additionally, the property is positioned just off of Western Freeway (52,000 VPD). Retailers in the immediate area include Walmart Supercenter, Dick’s Sporting Goods, Kroger Harris Teeter, ALDI, Food Lion, Wells Fargo, Bank of America and 7-Eleven. There are 133,958 people living within five miles of the property with an average household income of $77,638. The Rite Aid lease expires November 22, 2028 and features four 5-year renewal option periods with 2% rental escalations in each option. Rite Aid Corporation operates 2,526 stores in the United States. Rite Aid Corporation was founded in 1962 and is headquartered in East Pennsboro Township, Pennsylvania. Rite Aid is publicly traded on the New York Stock Exchange using the symbol “RAD”.
PROPERTY TAXES
| Parcel Number | 0816-0070 | Improvements Assessment | $1,651,451 |
| Land Assessment | $1,961,650 | Total Assessment | $3,613,101 |
PROPERTY TAXES
