Entity Owned Property summary
Exceptional investment opportunity: a brand-new, 2,500 square foot Starbucks located at 5000 Portsmouth Blvd, Chesapeake, VA 23321. This Class A, single-tenant net lease property boasts a 10-year lease commencing May 1, 2024, with a remaining term of 9.4 years and a 10% rent bump every five years. The property sits on a 1.04-acre lot with 19 parking spaces and enjoys a prime location on a signalized corner intersection with excellent visibility. The strong tenant, Starbucks Corporation, is… investment-grade credit rated (Baa1/BBB+), providing financial stability. The property benefits from its proximity to major thoroughfares, including I-664, and a dense industrial corridor with 6.3 million square feet of space within a two-mile radius. The surrounding area features a high population density (169,835 residents within a five-mile radius) and numerous destination retailers, including Walmart, Target, and Home Depot. Furthermore, the property is conveniently located near significant landmarks such as the Suffolk Amazon Fulfillment Center, Chesapeake Square (undergoing extensive redevelopment), Bon Secours Maryview Medical Center, Western Branch High School, and Hampton Roads Executive Airport. The property's high occupancy (100%) generates a strong net operating income (NOI) of $173,650, resulting in an attractive 6.00% cap rate. The asking price is $2,895,000. Lease options include 6 and 5-year extensions.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2019
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 16 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 1,722 SF
- Lot area
- 1.04 ac
- Year built
- 1964
- Stories
- 1
- APN
- 150000001920
- Zoning
- B2: GENERAL BUSINESS
- Assessed value · 2023
- $414,000
- Annual tax · 2019
- $3,257
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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