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Shopping Neighborhood

Shops at Peninsula | Hampton, VA

1631 Merchant Ln, Hampton, VA 23666

Listing Price: $12,715,292

Cap Rate
8.00%
Gross SF
49,550
Rentable SF
49,550
Price/Gross SF
$256.62
Lot Size
1.45 acres
Year Built
2009

Investment Overview

Marcus & Millichap is pleased to offer the Shops at Peninsula Town Center on behalf of Ownership. The offering consists of Building E which is the central retail building within the Town Center. The front of
the building opens up to the Town Square which is a grassy park used to host events and gatherings and is a great amenity for the Shops.

Investment Highlights

  • 200K Vehicles per day on I-64 and Mercury Boulevard
  • 78 Percent leased to a collection of dining, entertainment, service, and boutique shops.
  • 9.1 years average tenancy

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.

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Shopping Neighborhood

Shops at Peninsula | Hampton, VA

Listing Price: $12,715,292

Cap Rate
8.00%
Gross SF
49,550
Rentable SF
49,550
Price/Gross SF
$256.62
Lot Size
1.45 acres
Year Built
2009

Investment Highlights

  • 200K Vehicles per day on I-64 and Mercury Boulevard
  • 78 Percent leased to a collection of dining, entertainment, service, and boutique shops.
  • 9.1 years average tenancy

Investment Overview

Marcus & Millichap is pleased to offer the Shops at Peninsula Town Center on behalf of Ownership. The offering consists of Building E which is the central retail building within the Town Center. The front of the building opens up to the Town Square which is a grassy park used to host events and gatherings and is a great amenity for the Shops.

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.

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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