Dollar General Absolute NNN
2210 Portsmouth Blvd Portsmouth, VA 23704
2210 Portsmouth Blvd, Portsmouth, VA, 23704
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For Sale
Contact for pricing
Upgraded Dollar General prototype offered with an absolute NNN lease and a separate corporate guaranty.
Property Size7,500 SF
Price / SF$200
Days on Market53
Property Features for 2210 Portsmouth Blvd
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2017
Listing agency
Marcus & Millichap - San Francisco
(415) 625-2162
Listed by
Bill Schofield · License #CA 01239109
Source
Crexi
Added: Jun 1 Updated: Jul 22 at 2:15PM Checked: Jul 22 at 2:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - San Francisco
Investment Insights
Based on property information with market context.
This upgraded Dollar General prototype is offered for sale with 6.5+ years remaining on an absolute NNN lease, with zero landlord responsibilities. The lease includes a separate corporate guaranty, and there are five 5-year renewal options with 10% increases each.
The property is located at 2210 Portsmouth Blvd in Portsmouth, VA 23704, in a dense neighborhood minutes from Norfolk Naval Shipyard. The area is described as having 85,000+ residents within 5 miles.
The property is located at 2210 Portsmouth Blvd in Portsmouth, VA 23704, in a dense neighborhood minutes from Norfolk Naval Shipyard. The area is described as having 85,000+ residents within 5 miles.
Key Highlights
- 2017‑built upgraded Dollar General prototype
- Absolute NNN lease with 6.5+ years remaining
- Zero landlord responsibilities under the lease
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $148.5k | $19.80 |
| − Vacancy | −$7.1k | −$0.95 |
| EGI | $141.4k | $18.85 |
| − OpEx | −$42.4k | −$5.65 |
| NOI | $99.0k | $13.19 |
7,500 SF · lease $19.80/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.41M
$1.24M – $1.65M
NOI $98,960 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,141 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dollar General
Grocery & Convenience Store
Western Union
Bank
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Upgraded Dollar General prototype offered with an absolute NNN lease and a separate corporate guaranty.
Where is this nnn property located?
The property is located at 2210 Portsmouth Blvd Portsmouth, VA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 2017‑built upgraded Dollar General prototype; Absolute NNN lease with 6.5+ years remaining; Zero landlord responsibilities under the lease
