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30899944
30899945

3090 Godwin Blvd, Suffolk, VA 23434 For Sale

TP
VA 0225036218
Parker Burnell Real Estate Group
JB
VA 0225051316
Parker Burnell Real Estate Group
Listed by Parker Burnell Real Estate Group
$10,879,896
129 days on market
Updated 11 days ago

3090-3098 Godwin Boulevard

Details
Property Type Office, Retail
Sub Type Medical Office, QSR/Fast Food (+1)
Cap Rate 5.75%
NOI $625,594
Occupancy 100%
Tenancy Multi
Brand/Tenant Chipotle, Valvoline (+4)
Lease Type Absolute NNN
Class A
Year Built 2025
Stories 1
Acreage 4.200
Tenant Credit Credit Rated, Franchisee
Ground Lease Yes

Retail & Office Storefronts with Outparcels

Marketing description

Parker Burnell is pleased to offer to qualified investors Godwin Marketplace, a ±10,797 SF building featuring two (2) ground-leased outparcels (15+ years) situated on 4.201 acres of land in the affluent Planter’s Station submarket of Suffolk, VA. The property is situated on the heavily trafficked Godwin Boulevard with excellent visibility - over 32,704 VPD. This Center is located across the street from a new Publix-anchored center and less than a 1/2 mile from Sentara Obici Hospital.

Godwin Marketplace is centrally located within one (1) mile from Route 58 & Route 460 in Suffolk, in a moderately populated area with over 51,232 people living within a 5-mile radius of the property. It is one of Virginia’s fastest-growing cities, projected to exceed 100,000 residents before the end of 2026 and housing is expected to grow 9.20% by 2030.

Suffolk’s transportation infrastructure includes several major highways, including US 13, 17, 58, 258, and 460, and is served by Interstate 664, part of the Hampton Roads Beltway. The property is located in Virginia’s second largest city by land area and the 14th largest in the United States, covering 400- 430 square miles.

It has three freight railroads and is being considered for a potential branch line of the Southeast High Speed Rail Corridor. Suffolk Transit provides local bus service, with connections to Hampton Roads Transit. The Monitor-Merrimac Memorial Bridge-Tunnel connects Suffolk to Newport News across the Hampton Roads harbor.

Listing Contacts

TP
VA 0225036218
Parker Burnell Real Estate Group
JB
VA 0225051316
Parker Burnell Real Estate Group
Listed by Parker Burnell Real Estate Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$625,594.00
$52,132.83/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Troy Parker
License
0225036218
Name
Jay Burnell
License
0225051316
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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