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3090-3098 Godwin Blvd 19,181 SF 100% Leased Retail Building Suffolk, VA 23434 $13,596,118 CAD ($708.83 CAD/SF) 5.75% Cap Rate



Executive Summary
Parker Burnell is pleased to offer to qualified investors Godwin Marketplace, a ±10,797 SF building featuring two (2) ground-leased outparcels (15+ years) situated on 4.201 acres of land in the affluent Planter’s Station submarket of Suffolk, VA. The property is situated on the heavily trafficked Godwin Boulevard with excellent visibility - over 32,704 VPD. This Center is located across the street from a new Publix-anchored center and less than a 1/2 mile from Sentara Obici Hospital. Godwin Marketplace is centrally located within one (1) mile from Route 58 & Route 460 in Suffolk, in a moderately populated area with over 51,232 people living within a 5-mile radius of the property. It is one of Virginia’s fastest-growing cities, projected to exceed 100,000 residents before the end of 2026, and housing is expected to grow 9.20% by 2030. Suffolk’s transportation infrastructure includes several major highways, including US 13, 17, 58, 258, and 460, and is served by Interstate 664, part of the Hampton Roads Beltway. The property is located in Virginia’s second-largest city by land area and the 14th largest in the United States, covering 400- 430 square miles. It has three freight railroads and is being considered for a potential branch line of the Southeast High Speed Rail Corridor. Suffolk Transit provides local bus service, with connections to Hampton Roads Transit. The Monitor-Merrimac Memorial Bridge-Tunnel connects Suffolk to Newport News across the Hampton Roads harbor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
19,181 SF
Building Class
B
Year Built
2025
Price
$13,596,118 CAD
Price Per SF
$708.83 CAD
Cap Rate
5.75%
NOI
$781,777 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
17.97 AC
Zoning
Commercial
Nearby Major Retailers
Property Taxes
| Parcel Number | 253201300 | Improvements Assessment | $65,262,146 CAD |
| Land Assessment | $2,192,141 CAD | Total Assessment | $67,454,288 CAD |
Property Taxes
Parcel Number
253201300
Land Assessment
$2,192,141 CAD
Improvements Assessment
$65,262,146 CAD
Total Assessment
$67,454,288 CAD
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3090-3098 Godwin Blvd
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