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108 Market Place Dr
Hampton, VA 23666
Absolute NNN Corporate LongHorn Steakhouse · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Building Size
6,222 SF
Building Class
C
Year Built
2013
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.49 AC
Zoning
14 C-2 LIM - Limited Industrial
Parking
92 Spaces (14.79 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
About 108 MARKET PLACE DR , HAMPTON, VA 23666
Pegasus Investments is pleased to offer an opportunity to acquire a single tenant corporate LongHorn Steakhouse (owned by Darden Restaurants NYSE: DRI), situated as an outparcel to Mercury Plaza in Hampton, Virginia. The property is offered pursuant to a 100% absolute NNN lease (land only) situated on a large 1.5 acre outparcel at a major intersection with average traffic counts of 85,000 ADT. Upon signing a new 10-year lease in 2013, LongHorn demolished the existing building and constructed its new protoype at its sole cost & expense. The 150,000 SF open air center, Mercury Plaza, is anchored by Walmart Neighborhood Market, Burlington, Marshalls and Rack Room Shoes (under development).
Property Taxes
| Parcel Number | 13001053 | Improvements Assessment | $1,672,000 |
| Land Assessment | $1,294,200 | Total Assessment | $2,966,200 |
Property Taxes
Parcel Number
13001053
Land Assessment
$1,294,200
Improvements Assessment
$1,672,000
Total Assessment
$2,966,200
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