Freestanding Retail
For Sale
Contact for pricing
369 Chatham Dr, Newport News, VA 23602
Single-tenant property occupied by Riverside Health System under a double net lease structure.
Property Size34,103 SF
Days on Market144
Property Features for 369 Chatham Dr
General Information
Standard status
Active
Size
34,103 SF
Property subtype
Retail
Site & Location
Traffic Count
271,000 vehicles/day
Highway Access
Yes
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Divaris Real Estate Inc
Listed By:
George Fox · License #VA
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 4:19PM
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 Divaris Real Estate Inc
Investment Insights
Based on property information with market context.
This freestanding retail property contains 34,103 SF and is occupied by Riverside Health System. The building operates under a double net lease and is positioned within Newport Marketplace, a power center serving the Patrick Henry Mall trade area.
The property is located at 369 Chatham Drive in Newport News, near the intersection of I-64 and Jefferson Avenue. The surrounding retail corridor records combined exposure to 271,000 vehicles per day. The current lease is scheduled to expire February 28, 2025, with no remaining lease options, and the tenant has indicated a willingness to terminate early.
The property is located at 369 Chatham Drive in Newport News, near the intersection of I-64 and Jefferson Avenue. The surrounding retail corridor records combined exposure to 271,000 vehicles per day. The current lease is scheduled to expire February 28, 2025, with no remaining lease options, and the tenant has indicated a willingness to terminate early.
Key Highlights
- 34,103 SF freestanding retail building
- Occupied by Riverside Health System
- Double net lease structure
Property Analytics
Property Profile
Current Use
Lease Details
271,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Explore this area
Business Placement
Demographics for 23602, VA
42,004
Population
18,876
Households
2.2
Avg Household Size
37
Median Age
36%
College-Educated
94%
High-School Grad
13.2 sq mi
ZIP Area
3,182
Density / Sq Mi
$72,487
Median Household Income
$46,125
Median Earnings
$1,446
Median Rent
$270,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Single-tenant property occupied by Riverside Health System under a double net lease structure.
Where is this retail space located?
The property is located at 369 Chatham Dr Newport News, VA.
What are key features of this property?
This property features: 34,103 SF freestanding retail building; Occupied by Riverside Health System; Double net lease structure
