Retail Space with High-Traffic
3050 Walnut St Portsmouth, OH 45662
For Sale
Contact for pricing
Pending
Retail space offered with an absolute NNN lease structure and direct visibility to a high-traffic corridor.
Property Size10,718 SF
Days on Market141
Property Features for 3050 Walnut St
General Information
Standard status
Pending
Size
10,718 SF
Property subtype
RETAIL
Listing Agency:
JLL - Corporate
(312) 228-2867
Listed By:
Mohsin Mirza · License #475189943
Source:
Moodyscre
Added: Mar 12
Changed: Jul 29
Last Checked: Jul 29 at 5:01PM
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 JLL - Corporate
Investment Insights
Based on property information with market context.
This retail space totals 10,718 SF and is offered with an absolute NNN lease structure, with zero landlord responsibilities. The property is positioned for strong on-site marketing and day-to-day customer access given its direct visibility to a high-traffic corridor.
The site is located at 3050 Walnut St, Portsmouth, OH 45662. The surrounding area includes more than 4.3 MSF of retail within a 3-mile radius, supporting local consumer draw. The submarket also includes over 13,000 households within a 5-mile radius, and the property’s visibility is described as reaching 40,000+ VPD.
For tenants and operators seeking a retail location with clear corridor exposure and a simplified absolute NNN structure, this configuration is designed to support consistent customer traffic and predictable landlord scope.
The site is located at 3050 Walnut St, Portsmouth, OH 45662. The surrounding area includes more than 4.3 MSF of retail within a 3-mile radius, supporting local consumer draw. The submarket also includes over 13,000 households within a 5-mile radius, and the property’s visibility is described as reaching 40,000+ VPD.
For tenants and operators seeking a retail location with clear corridor exposure and a simplified absolute NNN structure, this configuration is designed to support consistent customer traffic and predictable landlord scope.
Key Highlights
- 10,718 SF retail space
- Absolute NNN lease with zero landlord responsibilities
- Direct visibility to a high‑traffic corridor (40,000+ VPD)
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 | $68.2k | $6.36 |
| − Vacancy | −$2.4k | −$0.23 |
| EGI | $65.7k | $6.13 |
| − OpEx | −$19.7k | −$1.84 |
| NOI | $46.0k | $4.29 |
10,718 SF · lease $6.36/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Retail
$657.3K
$575.1K – $766.8K
NOI $46,008 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,661 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail space offered with an absolute NNN lease structure and direct visibility to a high-traffic corridor.
Where is this retail space located?
The property is located at 3050 Walnut St Portsmouth, OH.
What is the asking price?
The asking price for this property is $1,443,000.
What are key features of this property?
This property features: 10,718 SF retail space; Absolute NNN lease with zero landlord responsibilities; Direct visibility to a high‑traffic corridor (40,000+ VPD)
