Retail Space For Lease @ 205 W Mercury Blvd

Freestanding Absolute NNN Zero Landlord Responsibility Corporate Guaranteed Driven Brands, Inc. DBA Auto Glass Now (AGN). After an 12+ Year occupancy down the same street in Hampton, AGN Glass, LLC, a subsidiary of the Driven Brands Group, inked a 7-year corporate guaranteed lease through November 2029, showing commitment to the market. This vibrant relocation surrounds various quality tenants bringing great synergy for AGN to flourish. Well known and established building in a highly traveled area off the "Main and Main" of Hampton's #1 retail thoroughfare.

This safe and secure STNL deal houses a corporate tenant on only $18.51/SF/YEAR rent, making them an extremely profitable and lucrative location. As a remodeled relocation in 2022, AGN has continued a long-term occupancy within Hampton with various recent tenant improvements including a brand new roof, newer HVAC, newly remodeled interior, freshly updated amenities, a pristine exterior with lush landscaping and like-new feel, and a 2022 clean environmental report.

With 22 years left in the options through November 2044, this property will experience a dramatic increase in NOI with market rent. After the upcoming increase, the NOI is scheduled to be $4,635/month. Great opportunity for a long term investor who enjoys 3% increases per year, looking for a corporate guarantee, and a Tenant who pays expenses direct. Unique investment in a under-built market offering a strong need for these type of Glass Services.

Glass Masters has served the Hampton and Newport News market since 2010, prior to AGN’s acquisition in 2015. The subject property offers a standalone setup (previous location was a shared setup), better street signage/exposure, a private rear storage yard, and a fully remodeled interior. Auto Glass Now offers the most reliable auto glass repair and replacement services across the nation! They are dedicated to providing the lowest price guaranteed with high-quality, fast and convenient service. Their commitment to their customers is satisfaction. It means they will deliver the best possible service for all their clients automotive glass needs, whether it be in-store or at their home. With a well-established and growing network, they are committed to providing their customers with a great experience thanks to their integrity, value, and commitment to customer satisfaction. This space offers accomodations for: vehicle related.