Located at the high-traffic intersection of Frederick Boulevard and Turnpike Road, Seaboard Commons presents a prime retail development opportunity in the heart of Midtown Portsmouth. This ±1.06-acre outparcel is part of a newly developed 9.5-acre retail center that already includes national tenants such as Starbucks, Chipotle, and Humana, offering strong co-tenancy appeal and immediate consumer draw. The site benefits from direct access to major regional arteries including I-264, Route 17, and Route 58, making it highly visible and easily accessible for both local and regional traffic.
The surrounding trade area is anchored by major retailers and institutions including Walmart, Kroger Marketplace, CVS, and Bon Secours Maryview Medical Center, reinforcing the location’s viability for retail, service, or medical uses. Traffic counts exceed 40,000 vehicles per day on Frederick Boulevard and over 12,000 on Turnpike Road, ensuring consistent exposure. The parcel’s position within a rapidly growing corridor and its proximity to dense residential neighborhoods and employment centers further enhance its long-term value.
Demographics within a 5-mile radius include a population of over 240,000, with more than 86,000 households and 141,000 employees. Average household incomes range from $47,000 to $69,000, supporting a diverse mix of retail and service offerings. The site plan indicates strong visibility and access, with nearby rail infrastructure and surrounding retail pads contributing to a cohesive development layout.
This ground lease opportunity is ideal for national or regional brands seeking a strategic location in a vibrant and expanding market.
Jay Burnell
Parker Burnell Real Estate Group, LLC