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Property profile & analytics
OFF-MARKET
Community centers

5752 Churchland Blvd Portsmouth, VA 23703

154,389 SF 15.79 ac lot Built 1965
Property ID
Property summary
AI-generated overview

This thriving 154,389 square foot, grocery-anchored community center presents a unique investment opportunity in the Churchland submarket. The property, situated on 15.79 acres and boasting 482 parking spaces, comprises three single-story buildings constructed in 1965. Currently, there are 28 suites, with 12,055 square feet of vacant space available, offering flexible options ranging from a minimum of 855 square feet to a maximum contiguous space of 6,800 square feet. The center enjoys a prime location with convenient access to I-664 and Route 164, further enhanced by its proximity to Churchland Blvd. & Stamford Rd. Zoned GMU, this established center benefits from a strong tenant roster including Food Lion, Sentara, Family Dollar, Cato Fashions, Jo Jack's Coffee, Popeye's, and H&R Block, among others, representing a diverse mix of grocery, fashion, medical, and restaurant businesses. Recent improvements have been made to the center, enhancing its appeal and functionality. The property's strong demographics within 1, 3, and 5-mile radii contribute to its consistent performance and potential for future growth. This is an exceptional opportunity to acquire space in a well-established and highly visible retail center.

Property profile
Verified
Property type Community centers
Year built 1965
Total area 154,389 SF
Lot 15.79 ac (687,812 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lin's Garden Restaurant
  • Churchland Shopping Center Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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