Fully Leased Multi-Tenant Retail Investment
Retail | 8.00% CAP | 5,043 SqFt
Marketing description
3601, 3603 & 3605 High Street is a three-tenant, fully leased neighborhood retail strip center strategically located in the Mid-City submarket of Portsmouth, VA. The 5,043 square foot building offers a diverse mix of tenants with relatively low landlord responsibilities. The property is situated at the signalized corner of highly trafficked High Street, offering proximity to I-264 and within a minute's drive to national retailers including Chick-fil-A, Walmart Supercenter, Kroger, T.J. Maxx, Starbucks, and many more.
Investment highlights
100% leased retail center
Co-tenancy features a diverse mix of service and destination retail, including a restaurant, tobacco/vape shop, and Portsmouth Cleaners, a long-standing occupant at this location since 1998
Building features pylon signage for maximum exposure along High Street
The submarket is home to the historic Bon Secours Maryview Medical Center and is in close proximity to the U.S. Coast Guard Base and Norfolk Naval Shipyard
Located near the busy intersection of High Street, which produces 24,000 vehicles per day
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