Mercury Plaza Shopping Center
Hampton Roads, Virginia
Regional Market / Submarket: Hampton: Mercury Central
Gross Leasable Area: 114,496
Population (5 miles): 166,883
Ave HH Income (5 miles): $52,694
Key Tenants: Burlington Coat Factory, Wells Fargo, Texas Steakhouse, Chick-Fil-A
Mercury Plaza is composed of seven pads and over 5 acres of developable land. Burlington Coat Factory anchors the interior of the center with an additional 100,000 square feet of developable retail space adjacent to it. Visibility is strong due to the property’s proximity to Interstate 64 and its corner location intersected by two busy thoroughfares, West Mercury Blvd. and Power Plant Parkway.
About the Trade Area:
The Norfolk-Virginia Beach-Newport (aka “Hampton Roads”) metropolitan area of Hampton, VA is the fifth largest MSA in the Southeast of the United States. The local economy is dominated by the world’s largest Naval Base, the East Coast’s third busiest trade port, and a diversified tourist industry. Located just off I-64 and surrounded by a mid-density, multi-family residential neighborhood, Mercury Plaza is situated at the center of Hampton’s commercial hub. The property has excellent access to interstate highways, airports, railways and the Port of Hampton Roads.