Auto Parts
Valvoline | ~14 Years Remaining | Tidewater Region | Prominent Local Positioning
5200 W Mercury Blvd, Newport News, VA 23605
Listing Price: $1,900,000
Investment Overview
Valvoline is situated upon a 0.582-acre parcel with excellent frontage along Route 258, between a newly constructed Chick-fil-A and an AutoZone. It is an outparcel to the largest office complex in Hampton Roads, NetCenter, which includes 557,753 square-feet of institutional-quality office space with approximately 2,500 employees. Space is leased to a creditworthy tenant roster including notable companies such as Verizon (Moody’s: Baa1), Maximus (NYSE: MMS), and Huntington Ingalls Industries Inc (NYSE: HII), the nation’s largest military shipbuilding company. This creates significant daytime traffic to compliment other commercial and residential density.
Valvoline | ~14 Years Remaining | Tidewater Region | Prominent Local Positioning
Investment Highlights
- New 15-Year NNN Ground Lease with 10% Percent Increases Every Five Years
- Outparcel to the Largest Office Complex in Hampton Roads with 2,500 Employees
- Exceptional Population Density of 70,829 within 3-Miles
Auto Parts
Valvoline | ~14 Years Remaining | Tidewater Region | Prominent Local Positioning
Listing Price: $1,900,000
Investment Highlights
- New 15-Year NNN Ground Lease with 10% Percent Increases Every Five Years
- Outparcel to the Largest Office Complex in Hampton Roads with 2,500 Employees
- Exceptional Population Density of 70,829 within 3-Miles
Investment Overview
Valvoline is situated upon a 0.582-acre parcel with excellent frontage along Route 258, between a newly constructed Chick-fil-A and an AutoZone. It is an outparcel to the largest office complex in Hampton Roads, NetCenter, which includes 557,753 square-feet of institutional-quality office space with approximately 2,500 employees. Space is leased to a creditworthy tenant roster including notable companies such as Verizon (Moody’s: Baa1), Maximus (NYSE: MMS), and Huntington Ingalls Industries Inc (NYSE: HII), the nation’s largest military shipbuilding company. This creates significant daytime traffic to compliment other commercial and residential density.
