1137 London Blvd

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1137 London Blvd

Portsmouth, VA 23704
Asking Price
$1.33M
Cap Rate
5.5%
Asset Type
Storefront Retail
Class
Class B

What's Special

1137 London Blvd, Portsmouth, VA 23704 <ul><li>​Government-backed lease.</li><li>​Strong store sales (less than 2% rent/sales ratio).</li><li>​Surrounded by new housing starts and national retailers.</li><li>​Centrally located city in Coastal Virginia (metro population: 1.8 million).</li></ul>

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NOI
$80,000
Cap Rate
5.99%
DSCR
1.01
Tight
Cash-on-Cash
0.19%
Monthly Payment
$6,604.852
Annual Cash Flow
$741.781

Location & Travel Times