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Auto Parts

Valvoline | ~14 Years Remaining | Tidewater Region | Prominent Local Positioning

5200 W Mercury Blvd, Newport News, VA 23605

Listing Price: $1,900,000

Cap Rate
5.00%
Tenant Name
Valvoline
Years Remaining On Lease
14.0
Guarantor
Corporate Guarantee
Rentable SF
1
Lease Type
NNN Ground Lease
Rent Per Square Feet
$95,000.00

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.

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

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Auto Parts

Valvoline | ~14 Years Remaining | Tidewater Region | Prominent Local Positioning

Listing Price: $1,900,000

Cap Rate
5.00%
Tenant Name
Valvoline
Years Remaining On Lease
14.0
Guarantor
Corporate Guarantee
Rentable SF
1
Lease Type
NNN Ground Lease
Rent Per Square Feet
$95,000.00

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.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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