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1241 Frederick Boulevard
Portsmouth, VA 23707
Asking Price
$3.52M
Cap Rate
7.5%
Asset Type
Storefront Retail
Class
Class B
What's Special
Kroger Shadow Center | $3.5M (7.50%) | Portsmouth, VA | Hampton Roads MSA <p><strong style="color: rgba(0, 0, 0, 1)">KROGER SHADOW ANCHORED CENTER | HAMPTON ROADS MSA</strong></p><p><span style="color: rgba(0, 0, 0, 1)">• Midtown Marketplace is a 12,866 SF Kroger shadow-anchored center, located in Portsmouth, VA, and a part of the Hampton Roads MSA</span></p><p><span style="color: rgba(0, 0, 0, 1)">• The property is shadow-anchored to a strong-performing Kroger</span></p><p><span style="color: rgba(0, 0, 0, 1)">• 50% national tenancy, including multiple 10+ year opera
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NOI
$80,000
Cap Rate
2.27%
DSCR
0.38
Underwater
Cash-on-Cash
-12.21%
Monthly Payment
$17,415.039
Annual Cash Flow
$-128,980.473
