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Village of Martinsville 240 Commonwealth Blvd W 14,957 SF of Retail Space Available in Martinsville, VA 24112
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 303 | 14,957 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
240 Commonwealth Blvd W - 1st Floor - Ste 303
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.
SELECT TENANTS AT VILLAGE OF MARTINSVILLE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Aaron's
- Furniture/Mattress
- 1,822
- International
- Belk
- Dept Store
- 379
- National
- Dunham's Sports
- Sporting Goods
- 320
- National
- Harbor Freight Tools
- Hardware
- 1,847
- National
- Kroger
- Supermarket
- 1,866
- National
- Marshalls
- Dept Store
- 1,431
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Aaron's | Furniture/Mattress | 1,822 | International |
| Belk | Dept Store | 379 | National |
| Dunham's Sports | Sporting Goods | 320 | National |
| Harbor Freight Tools | Hardware | 1,847 | National |
| Kroger | Supermarket | 1,866 | National |
| Marshalls | Dept Store | 1,431 | International |
PROPERTY FACTS
| Total Space Available | 14,957 SF | Gross Leasable Area | 290,902 SF |
| Center Type | Community Center | Total Land Area | 34.54 AC |
| Parking | 43 Spaces | Year Built | 1989 |
| Center Properties | 3 |
| Total Space Available | 14,957 SF |
| Center Type | Community Center |
| Parking | 43 Spaces |
| Center Properties | 3 |
| Gross Leasable Area | 290,902 SF |
| Total Land Area | 34.54 AC |
| Year Built | 1989 |
ABOUT THE PROPERTY
Located at the bustling intersection of Commonwealth Blvd. West and Liberty Street, Village of Martinsville stands out as a thriving grocery anchored power/lifestyle center. With its prime position along Martinsville's main commercial thoroughfare, Commonwealth Blvd. offers easy access to the property through three signalized entrances. This center boasts an impressive lineup of retail giants including Kroger, Dunham's, Marshall's, Harbor Freight Tools, Belk, and Maurices, among others. The presence of these national retailers has led to a continuous increase in foot traffic.
NEARBY MAJOR RETAILERS
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Village of Martinsville | 240 Commonwealth Blvd W
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