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- LoopNet Team
205 W Mercury Blvd
Hampton, VA 23669
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 8 Year Firm Term + 5 Year Option
- Absolute NNN Lease w/ Healthy Annual Increases
- ±2,916 SF Building: Significantly Improved on Tenants Dime
- Prime Investment: Freestanding Retail Building
- Express Lube Operating for 29+ Years at This Location
- Below Market Lease Rate W/ Added Value/Appreciation
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Air Conditioning
ABOUT 205 W MERCURY BLVD , HAMPTON, VA 23669
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 2027 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. TO VIEW ALL CURRENT PROPERTIES, VISIT www.CentralCaCommercial.com/Investors
PROPERTY TAXES
| Parcel Number | 8000009 | Improvements Assessment | $339,300 |
| Land Assessment | $335,900 | Total Assessment | $675,200 |
PROPERTY TAXES
