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2611-2625 Charles M Lankford Jr Mem Hwy 26,960 SF of Retail Space Available in Exmore, VA 23350
HIGHLIGHTS
- Public sewer available (Septic system currently), public water in use.
- Consistent traffic counts and good local population numbers.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 26,960 SF | 3-10 Years | $11.17 CAD/SF/YR $0.93 CAD/SF/MO $301,072 CAD/YR $25,089 CAD/MO | Triple Net (NNN) |
2625 Lankford Hwy - 1st Floor
Masonry block building with brick veneer exterior. Built up roof. The building was a “build to suit” for Colonial Grocery Stores. Operated continuously as a grocery store until Camelia Foods’ Fresh Pride chain went out of business
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Space In Need of Renovation
- Anchor Space
- Central Air and Heating
- High Ceilings
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 | 26,960 SF | Gross Leasable Area | 43,726 SF |
| Center Type | Neighborhood Center | Total Land Area | 2.56 AC |
| Parking | 125 Spaces | Year Built | 1975 |
| Center Properties | 1 | Cross Streets | US 13 |
| Frontage | 471’ on Charles M Lankford Jr Mem |
| Total Space Available | 26,960 SF |
| Center Type | Neighborhood Center |
| Parking | 125 Spaces |
| Center Properties | 1 |
| Frontage | 471’ on Charles M Lankford Jr Mem |
| Gross Leasable Area | 43,726 SF |
| Total Land Area | 2.56 AC |
| Year Built | 1975 |
| Cross Streets | US 13 |
ABOUT THE PROPERTY
Three points of ingress/egress to the property. Main Street (VA Route 178) to US Rt 13 at traffic light. Crown Avenue (VA Route 1037) to US Rt 13 and an additional point of access on Crown Ave at the rear of the property.
- Pylon Sign
Presented by
2611-2625 Charles M Lankford Jr Mem Hwy
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