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1817 Frederick Blvd
Portsmouth, VA 23707 Midtown Portsmouth

$4,200,000 USD

Medical For Sale  •  7,500 SF

Property Details

• Property Type Medical
• Total Building Size 7,500 SF
• Lot Size 5.3 AC
• Building Class B
• Year Built 2024
• Cap Rate 6.25 %
• Tenancy Single

40 Transit Score

66 Walk Score

Highlights

New 2024 High-Quality Construction

Corporate Guarantee by Humana (NYSE: HUM) --- The Fourth Largest Health Insurance Provider in the United States

New 10-Year Lease with 10% Rental Increases Every 5-Years

Traffic Counts Exceed 49,000 Vehicles Per Day

Over 223,000 Residents & Average Household Income Exceeding $82,000 Within a 5-Mile Radius

Excellent Visibility & Access on Two Main Commuter Thoroughfares (Turnpike Rd & Frederick Blvd)

Property Flyers

Humana - Portsmouth, VA

Cap Rate:

6.25 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Norfolk (Northeast Regional - Amtrak)	10 min	-	4.7 mi
Airport	Drive	Walk	Distance
Norfolk International	22 min	-	11.1 mi
Newport News/Williamsburg International	46 min	-	32.4 mi