For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

401 Village Ave, Unit | Yorktown Yorktown, VA 23693

For Sale
$2,600,000

100% leased ice rink near Newport News/Williamsburg International Airport.

Property size:
32,963 SF

Property Features for 401 Village Ave

General Information

Size
32,963 SF

Building Details

Year built
1996

Source: Luke Timmis Agent Luke Timmis

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Hampton Roads Iceplex Sale-Leaseback Opportunity

The property, to be 100% leased to Hampton Roads Iceplex in a sale-leaseback arrangement, is the only ice rink south of Richmond, VA, and north of Virginia Beach, VA. It is situated in a fast-growing industrial hub near Newport News/Williamsburg International Airport. Upon sale, the tenant will execute a 12-year absolute net lease on the 32,963 sq. ft. facility, starting at $5.61 per square foot, with annual increases of 2.00%. The absolute net lease stipulates the tenant's responsibility for all property-related expenses, including repair and replacement of the roof, outer walls, and parking lot. The current owner has completed numerous upgrades and implemented a new operations team that grew revenue from 2017 to 2018, saw continued revenue growth in 2019, and is still operating in full-force given COVID-19. Located about an hour north of North Carolina, along the I-64 freeway and 25 miles north of Norfolk, Virginia, the clear span specialty industrial facility can also be used for roller skating, as a recreation center, for indoor soccer, and for cold storage.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Chilled Ponds At Yorktown Ice Skating Rink Hampton Roads Skating ... Ice Skating Club

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Yorktown
County
York
State
Virginia
Longitude
-76.4659493
Latitude
37.1119659

FAQs

What type of property is this?
Skating rink - 100% leased ice rink near Newport News/Williamsburg International Airport.
Where is this skating rink located?
The property is located at 401 Village Ave, Unit | Yorktown Yorktown, VA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: - 100% leased to Hampton Roads Iceplex, the only ice rink in a large geographic area.; - **12-year absolute net lease** in place upon sale, providing stable income.; - Annual rent increases of 2.00%.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message