Peninsula Town Ctr F | Below Replacement Cost | 5100 Kilgore Ave
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Peninsula Town Ctr F | Below Replacement Cost 5100 Kilgore Ave
31,906 SF 100% Leased 4-Star Retail Building Hampton, VA 23666 £2,782,793 (£87/SF) 9% Net Initial Yield
Investment Highlights
- Shops At Peninsula Town Center | Irreplaceable Tenant Base | Parking Lot & First Floor Condo Interest | Below Replacement Cost
- Ideal Location | Highway Frontage And Visibility
- Unique Shopping Center Destination | 7.1 Million Annual Visits
- Live / Work / Play Center of Gravity | 1.5 M SF Open Air Lifestyle Center
- Numerous Recently Completed Additional Developments
- Hampton Roads Market | Largest Concentration Of Military Bases | And Facilities Of Any Metropolitan Area In The World
Executive Summary
SRS Capital Markets is pleased to present the rare opportunity to acquire the condo interest in Shops at Peninsula Town Center (Bldg F) - First Floor, a high-quality retail center located in Hampton, VA. The offering includes parking lot and the first floor of the larger Peninsula Town Center Building F, which is fully occupied and spans 31,906 SF. The property is anchored by Barnes & Noble, with two small tenants Mr. Fix, and The Skinny Dip. Barnes & Noble has just signed a 5-year extesnion to 3/30/2030. The second floor of the building, not part of the offering, is fully leased by Bryant & Stratton College. The subject property benefits from its adjacency to JCPenney, Target and numerous other national/credit tenants in the center, which promotes crossover traffic between the anchor and the existing tenant lineup.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
31,906 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2009
Price
£2,782,793
Price Per SF
£87
Net Initial Yield
9%
NOI
£250,464
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.68
Land Acres
1.07 AC
Opportunity Zone
Yes
Zoning
14 C-2 LIM - Limited Commercial
Frontage
197 ft on Kilgore St
Amenities
- Bus Route
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalised Intersection
Walk Score ®
Very Walkable (70)
Nearby Major Retailers
1 of 11
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Peninsula Town Ctr F | Below Replacement Cost | 5100 Kilgore Ave
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