1700 W Mercury Blvd - Bank FOR SALE


Hampton, VA 23666
$4,300,000 USD
949-698-1115
1700 W Mercury Blvd, Hampton, VA for Sale
$4,300,000 USD
Bank - FOR SALE
1/9
null | 5% Cap Rate

1700 W Mercury Blvd
Hampton, VA 23666


HIGHLIGHTS

  • Brand New 15-Year Lease | Scheduled Rental Increases | Investment Grade Tenant | Well-Known & Established Tenant
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Brand New 2024 Construction | Drive-Thru ATM Equipped
  • Peninsula Town Center (7.3M+ Annual Visitors) | #3 Most Visited Lifestyle Center in VA | Nearby Residential & Hospitality Complexes
  • Signalized, Hard Corner Intersection | Excellent Visibility & Access | Dense Retail Corridor | National/Credit Tenant Presence
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, newly constructed, investment grade (S&P: A+), drive-thru equipped, Chase Bank investment property located in Hampton, Virginia. The newly constructed building is located at the signalized, hard corner intersection within the Peninsula Town Center, ensuring excellent visibility & market presence. The tenant, JPMorgan Chase Bank, NA, recently signed a brand new 15-year lease with 4 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by the corporate entity (S&P: A+), and is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.2 trillion and operations worldwide.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$1,294 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chase Bank | New 15yr Corp Abs Grd Lse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,892 SF

ZONING

C-2

APN/PARCEL ID

13002031

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
949-698-1115

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Patrick LutherSRS National Net LeaseMore Info
949-698-1115

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.