NNN Leased Sky Zone
For Sale
Contact for pricing
Pending
1800 W Mercury Blvd, Hampton, VA 23666
Sky Zone operates under a NNN, single-tenant lease with a brand new 10-year term and extension options.
Property SizeContact for details
Days on Market148
Property Features for 1800 W Mercury Blvd
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Traffic Count
194,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Patrick R. Luther, CCIM · License #01912215
(480) 221-4221
Source:
Crexi
Added: Apr 10
Changed: Aug 23
Last Checked: Aug 31 at 4:25PM
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
Current Use
Lease Details
194,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,659
Businesses Nearby
951k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 19%
Superstores 19%
Apparel 6%
Target
Superstores
126,477 visits/mo
0.4 miles
Chick-fil-A
Dining
53,886 visits/mo
0.5 miles
BJ's Wholesale Club
Superstores
53,504 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
47,634 visits/mo
0.4 miles
Food Lion Grocery Store
Groceries
35,432 visits/mo
0.5 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 - 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.
