205 W Mercury Blvd
Hampton, VA 23669
NNN LEASED FREESTANDING RETAIL AUTO BUILDING · Retail Property For Sale

Well known & established freestanding single tenant ±2,916 SF Retail Auto Service/Repair building in a highly traveled area. Absolute triple net lease secured through December of 2022 with annual increases (and options) by an experienced operator. Initial term has 3% annual rent bumps each year. The 5-Year Renewal Option also includes steady 3% annual increases extending the lease through December of 2027. Features a functional floor plan that tenant has made substantial improvements earlier this year by licensed contractors. The HVAC age is newer, all storage tanks are above ground and up to current standards. All lights, wiring, and plumbing are new. The exterior and interior have fresh paint, the office has been remodeled. The current zoning of all surrounding properties does not allow for transmission work; however, this property has a special CUP from 1989 which has been grandfathered in. Prime location w/ HWY 258 (Mercury Blvd) frontage/access between LaSalle Ave and King St. Located on the south side of W Mercury Blvd, between Seldendale Dr and Easterly Ave in Hampton. Neighboring retailers include O'Reilly Auto Parts, KFC, Popeyes, NewYork Bus, Subway, Family Dollar, Pizza Hut, AutoZone, IHOP, Walgreens, Olive Garden, Wendy's, Sherwin-Williams, CVS, and Wal Mart. Advanced Auto Transmission Center has been Hampton’s leading automatic and manual/standard transmission repair specialist providing top-quality workmanship & the latest diagnostic equipment. Unlike other Hampton transmission shops/dealerships, they have an in-house transmission rebuild department of highly experienced technicians averaging 25 years of rebuilding experience servicing Chesapeake, Suffolk, Newport News, Portsmouth, Williamsburg, Richmond, Caroline, Ashland, Fredericksburg, Stafford, Spotsylvania, Fairfax, Maryland, and Norfolk metro area. They have uniquely raised the bar by offering a comprehensive warranty for three years or 100,000 miles! More info @ www.AdvancedAutoTransmission.com