NNN Bank Property with Drive-Thru
For Sale
Contact for pricing
Pending
1700 W Mercury Blvd, Hampton, VA 23666
New construction combines customer banking access with an absolute NNN lease structure.
Property SizeContact for details
Days on Market140
Property Features for 1700 W Mercury Blvd
General Information
Standard status
Pending
Property subtype
Retail
Occupancy
100%
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Anchor Co-Tenants
Target, Barnes & Noble, JCPenney, Floor & Decor
Traffic Count
96,400 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
monument sign
Building Details
Year Built
2024
Buildings
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners McLean
(480) 221-4221
Listed By:
Andrew Fallon · License #PA RSR006585
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 5:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners McLean
Investment Insights
Based on property information with market context.
This 2024-built bank property is leased to Chase under a new 15-year absolute NNN agreement. The lease includes four 5-year extension options and provides 10% rental increases every 5 years during the initial term and at the start of each option period. The corporate lease obligation is signed by JPMorgan Chase & Co., which carries an S&P rating of A+. The tenant covers CAM, taxes, insurance, and premises maintenance, leaving no landlord responsibilities. A drive-thru ATM serves customer access.
The property is positioned at the signalized intersection of W. Mercury Boulevard and Coliseum Drive, where combined traffic is reported at 96,400 vehicles daily. It has street frontage, multiple ingress and egress points, and a monument sign, with I-64 access less than a quarter mile away. The site is an outparcel to Peninsula Town Center, a 1,450,000-square-foot mixed-use center on 72 acres with more than 70 tenants and 7.3M+ annual visitors. The surrounding trade area includes major national retailers, residential communities, hospitality properties, 199,600+ residents, and 115,500 employees within 5 miles.
The property is positioned at the signalized intersection of W. Mercury Boulevard and Coliseum Drive, where combined traffic is reported at 96,400 vehicles daily. It has street frontage, multiple ingress and egress points, and a monument sign, with I-64 access less than a quarter mile away. The site is an outparcel to Peninsula Town Center, a 1,450,000-square-foot mixed-use center on 72 acres with more than 70 tenants and 7.3M+ annual visitors. The surrounding trade area includes major national retailers, residential communities, hospitality properties, 199,600+ residents, and 115,500 employees within 5 miles.
Key Highlights
- New 2024 construction leased to Chase under a new 15‑year absolute NNN agreement
- Four 5‑year extension options with 10% rental increases every 5 years
- Corporate lease signed by JPMorgan Chase & Co.; S&P rating of A+
Property Analytics
Property Profile
Current Use
Lease Details
96,400 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,511
Businesses Nearby
1M
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Superstores 17%
Shops & Services 14%
Apparel 12%
Target
Superstores
126,477 visits/mo
0.2 miles
Bass Pro Shops
Apparel
89,625 visits/mo
0.4 miles
Kroger
Groceries
72,301 visits/mo
0.3 miles
BJ's Wholesale Club
Superstores
53,504 visits/mo
0.5 miles
Raising Cane's Chicken Fingers
Dining
39,631 visits/mo
0.3 miles
Demographics for 23666, VA
52,845
Population
25,117
Households
2.1
Avg Household Size
37
Median Age
27%
College-Educated
91%
High-School Grad
19.4 sq mi
ZIP Area
2,724
Density / Sq Mi
$70,798
Median Household Income
$42,552
Median Earnings
$1,439
Median Rent
$241,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - New construction combines customer banking access with an absolute NNN lease structure.
Where is this nnn property located?
The property is located at 1700 W Mercury Blvd Hampton, VA.
What are key features of this property?
This property features: New 2024 construction leased to Chase under a new 15‑year absolute NNN agreement; Four 5‑year extension options with 10% rental increases every 5 years; Corporate lease signed by JPMorgan Chase & Co.; S&P rating of A+
