2210 Portsmouth Blvd

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2210 Portsmouth Blvd

Portsmouth, VA 23704
Asking Price
$1.50M
Cap Rate
6.85%
Asset Type
Convenience Store Retail
Class
Class B

What's Special

UPGRADED CONSTRUCTION | CORPORATE GUARANTY <ul><li>​Upgraded Construction Prototype</li><li>​Absolute NNN Lease – Zero Landlord Responsibilities</li><li>​Corporate Guaranty from Dollar General Corporation</li><li>​Five, 5-year Options with 10% Rental Increases</li><li>​Located in a dense residential neighborhood across from Lexington Reserve Apartments (105 units)</li><li>​Over 85,000 residents and average household income of $80,000 within 5 miles</li><li>​Minutes from Norfolk Naval Shipyard - the largest naval industrial facility in th

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NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.01%
Monthly Payment
$7,421.182
Annual Cash Flow
$-9,054.179

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