NNN Leased Sky Zone
1800 W Mercury Blvd Hampton, VA 23666
1800 W Mercury Blvd, Hampton, VA, 23666
Contact for pricing
For Sale
Contact for pricing
Pending
Sky Zone operates under a NNN, single-tenant lease with a brand new 10-year term and extension options.
Days on Market103
Property Features for 1800 W Mercury Blvd
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed by
Matthew Mousavi · License #CA 01732226
Source
Crexi
Added: Apr 10 Updated: Jul 20 at 6:41PM Checked: Jul 20 at 6:41PM
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 Newport Beach
Investment Insights
Based on property information with market context.
SRS National Net lease Group is offering the fee simple interest (land and building ownership) in a NNN leased, single-tenant Sky Zone property in Hampton, VA. The tenant, Citadel Group, Inc., has signed a brand new 10-year lease with two (5-year) options to extend. The lease includes a 10% rental increase in year 6 and at the beginning of each option period. Sky Zone is operating on a NNN lease structure, intended to reduce expense leakage for an owner. The lease is personally guaranteed by four (4) high net worth individuals.
The property is located along Executive Drive at the southeast corner of Interstate 64 and Cunningham Drive/State Highway 152, with over 194,000 combined vehicles passing by daily. Visibility from Interstate 64 is described as strong, with multiple points of ingress/egress along Executive Drive. The Sky Zone site is within Peninsula Town Center, an open-air mixed-use development that was redeveloped in 2008 after the Coliseum Mall was demolished, and is currently anchored by JCPenney and a new Target store.
The property is located along Executive Drive at the southeast corner of Interstate 64 and Cunningham Drive/State Highway 152, with over 194,000 combined vehicles passing by daily. Visibility from Interstate 64 is described as strong, with multiple points of ingress/egress along Executive Drive. The Sky Zone site is within Peninsula Town Center, an open-air mixed-use development that was redeveloped in 2008 after the Coliseum Mall was demolished, and is currently anchored by JCPenney and a new Target store.
Key Highlights
- NNN leased, single‑tenant Sky Zone investment offered as fee simple (land & building ownership).
- Tenant Citadel Group, Inc. signed a brand new 10‑year lease with 2 (5‑year) extension options.
- Lease provides a 10% rental increase in year 6 and at the start of each option period.
Property Analytics
Location Intelligence
Current Use by Public Records
Sky zone
Arcade & Gaming Center
Pursuit Clothing Store, ...
Clothing Store
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FAQs
What type of property is this?
NNN property - Sky Zone operates under a NNN, single-tenant lease with a brand new 10-year term and extension options.
Where is this nnn property located?
The property is located at 1800 W Mercury Blvd Hampton, VA.
What are key features of this property?
This property features: NNN leased, single‑tenant Sky Zone investment offered as fee simple (land & building ownership).; Tenant Citadel Group, Inc. signed a brand new 10‑year lease with 2 (5‑year) extension options.; Lease provides a 10% rental increase in year 6 and at the start of each option period.
