401 Village Ave, Unit | Yorktown Yorktown, VA 23693
15-year absolute net lease to Hampton Roads Iceplex in Yorktown.
Property size:
32,963 SFProperty Features for 401 Village Ave
General Information
- Size
- 32,963 SF
Building Details
- Year built
- 1996
Source:
Tcnworldwide
Listing Agent: Luke Timmis
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Hampton Roads Iceplex Sale-Leaseback Opportunity
This offering presents a 15-year sale-leaseback opportunity featuring Hampton Roads Iceplex in Yorktown, Virginia. The property encompasses approximately 32,963 square feet and is situated on a 3.01-acre site. It is located about four miles from Williamsburg International Airport and approximately an hour north of North Carolina, along the I-64 Freeway. Norfolk, Virginia's third most populous city, is 25 miles south across the Chesapeake Bay. Upon sale, the property will be leased to Hampton Roads Iceplex for 15 years on an absolute net basis. The initial year's rent is set at $160,000, which translates to $4.85 per square foot. This rental rate is supported by surrounding market data and will be subject to an annual escalation of 2.00%. The property is priced at $2,461,538, reflecting a 6.50% capitalization rate, or $74.68 per square foot.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Chilled Ponds At Yorktown
Ice Skating Rink
Hampton Roads Skating ...
Ice Skating Club
Location Insight
- Map
- Local Demand
- City
- Yorktown
- County
- York
- State
- Virginia
- Longitude
- -76.4659493
- Latitude
- 37.1119659
Nearby Similar for Sale
FAQs
What type of property is this?
Skating rink - 15-year absolute net lease to Hampton Roads Iceplex in Yorktown.
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 $2,461,538.
What are key features of this property?
This property features: - 15-year absolute net lease to Hampton Roads Iceplex upon sale.; - Annual rent of $160,000 with 2.00% annual escalations.; - Priced at $2,461,538 reflecting a 6.50% cap rate.