110 Marketplace Dr
Hampton, VA 23666
Retail Property For Sale
Property Facts
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Drive Thru
About 110 MARKETPLACE DR , HAMPTON, VA 23666
Pegasus Investments is pleased to offer a single tenant corporate Chick-fil-A in Hampton, Virginia. The site is situated as an outparcel to Mercury Plaza – a 150,000+ SF open air center anchored by Walmart Neighborhood Market, Burlington, Marshalls and Rack Room Shoes (under development). The property is offered pursuant to a 100% absolute triple net ground lease (land only) featuring 10% rent increases every five (5) years and is situated on a large 1.6 acre outparcel at a major intersection benefitting from average traffic counts of 85,000 ADT. Chick-fil-A has operated successfully at the site for ten (10) years and recently renewed for an additional ten (10) years of term. Concurrent with extending its lease, Chick-fil-A completely renovated the property at its sole cost, expanding the kitchen size to increase customer capacity and modernizing the building to conform with its current prototype.
Property Taxes
| Parcel Number | 13001511 | Improvements Assessment | $1,199,600 |
| Land Assessment | $1,433,200 | Total Assessment | $2,632,800 |
Property Taxes
