Arby's 3200 W Mercury Blvd 1,995 SF Retail Building Hampton, VA 23666 $1,030,000 ($516.29/SF) 7% Cap Rate

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire an Arby’s located at 3200 W Mercury Boulevard in Hampton, Virginia (the “Property”). The free-standing single-tenant Arby’s consists of a 1,995 square foot building on a 0.57-acre corner parcel of land. Arby’s has a long history at this location and recently extended their lease demonstrating their commitment to the site and the market. Arby’s has 6+ years remaining on their lease with one (1), five-year renewal option. The lease calls for an attractive 10% increase at the start of the renewal option. Arby’s is extremely well located at the intersection of Pennwood Drive and W Mercury Boulevard (US Route 258), the area’s primary commercial corridor. The Property enjoys outstanding visibility, frontage and access and is part of a dominant trade area centered around the junction of US Route 258 and Interstates 64 and 664, which is home to countless national retailers and restaurants, the Peninsula Town Center and Sentara CarePlex Hospital. The Property is also convenient to Langley Air Force Base, Riverside Regional Medical Center (Hospital), and major roadways including US Routes 17 and 60 and Interstates 64 and 664, all of which drive traffic to the area. Additionally, the Property is within minutes of several area schools and is surrounded by densely populated residential neighborhoods providing a built-in customer base.