Retail Space with High-Traffic
For Sale
Contact for pricing
Pending
3050 Walnut St, Portsmouth, OH 45662
Retail space offered with an absolute NNN lease structure and direct visibility to a high-traffic corridor.
Property Size10,718 SF
Days on Market232
Property Features for 3050 Walnut St
General Information
Standard status
Pending
Size
10,718 SF
Property subtype
RETAIL
Additional Details
Traffic Count
40,000 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
JLL - Corporate
(312) 782-5800
Listed By:
Mohsin Mirza · License #475189943
(312) 228-2867
Source:
Moodyscre
Added: Mar 12
Changed: Oct 25
Last Checked: Oct 28 at 9:04AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$46,008
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$920,160
$920.2K
Cap Rate 7%
$657,257
$657.3K
Cap Rate 9%
$511,200
$511.2K
Market Conditions
NOI Build-Up for 10,718 SF
Gross rent
$68.2K $6.36/SF
− Vacancy
−$2.4K −$0.23/SF
EGI
$65.7K $6.13/SF
− OpEx
−$19.7K −$1.84/SF
NOI
$46.0K $4.29/SF
Area
Scioto County, OH
Vacancy
3.58%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$920,160
Cap Rate 7%
$657,257
Cap Rate 9%
$511,200
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
40,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 29%
Home Improvements & Furnishings 17%
SUBWAY
Dining
4,505 visits/mo
0.2 miles
AutoZone
Shops & Services
2,474 visits/mo
0.4 miles
Sunbelt Rentals, Inc.
Home Improvements & Furnishings
923 visits/mo
0.4 miles
Aaron's
Home Improvements & Furnishings
541 visits/mo
0.0 miles
Demographics for 45662, OH
27,718
Population
12,955
Households
2.1
Avg Household Size
39
Median Age
17%
College-Educated
87%
High-School Grad
55.5 sq mi
ZIP Area
499
Density / Sq Mi
$37,345
Median Household Income
$30,399
Median Earnings
$756
Median Rent
$98,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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)
