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1221 E Little Creek Rd 4,862 SF of Retail Space Available in Norfolk, VA 23518
HIGHLIGHTS
- Property improved with three (3) drive-thru lanes
- Site is part of a commercially intense trade area of stores, fast food, and auto sales that cater to residents of Ocean View
- Also for Sale: $950,000
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1221 | 4,862 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor, Ste 1221
Ground Lease : $80,000 per year Former Sun Trust and Trust bank branch.
- Fully Built-Out as a Bank
- Space is an outparcel at this property
- Drive Thru
- 1.23 Acre
- three (3) drive-thru lanes
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 4,862 SF | Year Built | 1959 |
| Property Type | Retail | Parking Ratio | 7.12/1,000 SF |
| Property Subtype | Bank | Cross Streets | Military Highway |
| Gross Leasable Area | 4,862 SF |
| Total Space Available | 4,862 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 4,862 SF |
| Year Built | 1959 |
| Parking Ratio | 7.12/1,000 SF |
| Cross Streets | Military Highway |
ABOUT THE PROPERTY
This former bank branch, formerly Sun Trust and Truist, boasts 4,862 SF on a 1.23-acre lot. Featuring three drive-thru lanes, a 58-space concrete parking lot, and lush landscaping, this property offers superior ingress and egress. Ideally situated at the busy intersection of E. Little Creek Road (33,782 VPD) and Military Highway (22,403 VPD), it sits amidst a vibrant commercial hub serving Ocean View, Bayview, and Larrymore Lawns. Perfect for redevelopment or as a new bank branch.
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
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1221 E Little Creek Rd
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