Pad Site for QSR with
For Lease
Contact for pricing
501 Michigan Dr, Hampton, VA 23669
QSR drive-through compatible pad site with ground-floor retail space planned within an apartment development.
Space Size8,000 SF
Lot Size0.70 Acres
Days on Market101
Property Features for 501 Michigan Dr
General Information
Standard status
Active
Size
8,000 SF
Lot size
0.70 Acres
Property subtype
RETAIL
Additional Details
Space Use
Restaurant
Spaces For Lease
at 501 Michigan Dr Contact us- Floor
- 1
- Size
- 8,000 SF
- Type
- RETAIL
- Rate
- Contact for pricing
- Availability
- AVAILABLE, Now
- Sublease
- No
501 Michigan Dr
- Trilogy I & II Development:
- This large scale residential project in Hampton already...
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Contact us
Listing Agency:
Divaris Real Estate - Hampton Roads
(757) 873-4700
Listed By:
Levi Thomson
(757) 675-9132
Source:
Moodyscre
Added: Jun 5
Changed: Aug 14
Last Checked: Sep 13 at 9:18AM
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 Divaris Real Estate - Hampton Roads
Investment Insights
Based on property information with market context.
A 0.7-acre pad site is available for ground lease or purchase for a quick-service restaurant concept with a drive-through. The site is positioned to support commercial activity tied to an active residential development in Hampton.
The surrounding project, Trilogy I & II, is already underway with delivery of 600+ residential units at market rate. As part of the apartment building plans, up to 8,000 SF of retail is anticipated for the ground floor of Apartment Building 4, creating a built-in customer base for neighborhood-oriented retail.
This offering is centered on QSR/drive-through fit and the opportunity to serve residents and visitors generated by the delivery of the larger residential community.
The surrounding project, Trilogy I & II, is already underway with delivery of 600+ residential units at market rate. As part of the apartment building plans, up to 8,000 SF of retail is anticipated for the ground floor of Apartment Building 4, creating a built-in customer base for neighborhood-oriented retail.
This offering is centered on QSR/drive-through fit and the opportunity to serve residents and visitors generated by the delivery of the larger residential community.
Key Highlights
- 0.7‑acre pad site available for ground lease or purchase
- Ideal QSR with drive‑through fit
- Up to 8,000 SF retail available as ground floor of apartment building 4
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
97k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 37%
Shops & Services 33%
Dining 31%
The Home Depot
Home Improvements & Furnishings
35,500 visits/mo
0.4 miles
McDonald's
Dining
22,272 visits/mo
0.4 miles
Raceway
Shops & Services
11,212 visits/mo
0.5 miles
Burger King
Dining
7,349 visits/mo
0.5 miles
Family Dollar
Shops & Services
7,329 visits/mo
0.5 miles
Demographics for 23669, VA
41,030
Population
17,589
Households
2.3
Avg Household Size
38
Median Age
31%
College-Educated
94%
High-School Grad
12.1 sq mi
ZIP Area
3,391
Density / Sq Mi
$66,999
Median Household Income
$41,874
Median Earnings
$1,202
Median Rent
$246,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Hampton, VA
$21.41 /SF/Yr
Avg Asking Price
$16.5–$30 /SF/Yr
Price Range
6,030 SF
Avg Space Size
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - QSR drive-through compatible pad site with ground-floor retail space planned within an apartment development.
Where is this retail space located?
The property is located at 501 Michigan Dr Hampton, VA.
What are key features of this property?
This property features: 0.7‑acre pad site available for ground lease or purchase; Ideal QSR with drive‑through fit; Up to 8,000 SF retail available as ground floor of apartment building 4
