Valvoline 5102 W Mercury Blvd Local commercial 232 m² À vendre Hampton, VA 23605 1 549 908 € (6 673,23 €/m²) Taux de capitalisation 5,81 %

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a corporate Ground Leased Valvoline investment property located at 5102 W Mercury Boulevard in Hampton, Virginia (the “Property”). The newer construction (2022) build-to-suite Valvoline consists of a 2,500 square foot building with three (3) automotive bays and an office/retail area. Valvoline executed a 15-year Absolute NNN Ground Lease and has 10+ years remaining with three (3), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease term and at the start of each renewal option.
Valvoline is extremely well located along 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.