1 Merchant Ln
Hampton, VA 23666
Shops @ Peninsula Town Center(C) | Fee Simple · Retail Property For Sale
Investment Highlights
- Shops at Peninsula Town Center | Irreplaceable Tenant Base | Scheduled Rental Increases
- Numerous Recently Completed and Ongoing Developments
- Close Proximity to Hampton Coliseum and Convention Center
- Live/Work/Play Center of Gravity - 1.1M SF Open Air Lifestyle Center | Target Planned 2020 Interior Renovation
- Fee Simple Ownership | Landlord Friendly Leases | Low Management Responsibilities Due to POA
- Unique Shopping Center Destination | 6.6M Annual Visits Prolonged Consumer Experience - 90Min Average Stay
Property Facts
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
About 1 MERCHANT LN , HAMPTON, VA 23666
The site is well-located at the intersection of Interstate 64 and Mercury Boulevard, the primary east/west thoroughfare through the Hampton Roads market. It is located within close proximity to the Langley Air Base and NASA Langley Research Center, which employs over 16,000 professionals and are central locations within the defense-driven Hampton economy. In addition, the site is well-located within close proximity to the Hampton Coliseum, Hampton Roads Convention Center, and Boo Williams Sportplex youth sports complex, with a combined 1,000,000+ annual visitors. The Shops at Peninsula Town Center draws from a broad 5-mile trade area featuring a population over 200,000 residents, more than 124,000 employees and an average household income exceeding $67,000. Peninsula Town Center sits in the heart of the trade area and has seen over 6.6 million visits in the last 12 months, demonstrating a high volume of traffic to the center.
Property Taxes
| Parcel Number | 13002019 | Improvements Assessment | $2,846,000 |
| Land Assessment | $526,000 | Total Assessment | $3,372,000 |
Property Taxes
