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227 E Mercury Blvd 21,631 SF Retail Building Hampton, VA 23669 $3,350,208 CAD ($154.88 CAD/SF) 7.25% Cap Rate

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INVESTMENT HIGHLIGHTS

Investors seeking strong returns and stable cash flow, owner-operators looking for a move-in-ready facility in a high-visibility location
The seller offers a lease buyout at closing, allowing immediate occupancy or continued rental income.
It is leased as a newly renovated event space with a two-year NNN lease starting April 2025.

Located on high-traffic Mercury Boulevard, the site features two new AC units and ample parking.
The lease generates $216,000 annually, with $180,000 actual net income after discount.
The property spans 21,631 square feet on 1.93 acres, including an adjoining parking parcel.

EXECUTIVE SUMMARY

This 21,631 SF turnkey facility sits on 1.93 acres, including an adjoining parcel used for parking. Located on one of Hampton’s busiest commercial corridors, the property offers excellent visibility, high traffic counts, and easy access—making it ideal for both investors and owner-operators. Currently leased as a newly renovated event space under a 2-year NNN lease starting April 2025, the property generates $216,000 in gross annual income ($180,000 actual after discount). The lease includes a seller buyout option at closing, giving buyers immediate flexibility to occupy or continue leasing for passive income.

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