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Former Walgreens - Retail/Office Opportunity 2707 Greensboro Rd 13,569 SF of Retail Space Available in Martinsville, VA 24112
HIGHLIGHTS
- Hard Corner - Signalized Intersection - 12,000 Vehicles Per Day
- Large 1.38 Acre Lot - 65 Parking Spaces
- Drive-Thru Available
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 13,569 SF | Negotiable | $13.83 CAD/SF/YR $1.15 CAD/SF/MO $187,591 CAD/YR $15,633 CAD/MO | Triple Net (NNN) |
1st Floor
The building was constructed in 2008 and was leased to Walgreens until 2024. The building has been well maintained. It includes a large retail area, stockroom/warehouse with rollup door, bathroom and office. There is a Drive-Thru in place and the building is sprinklered.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Central Air and Heating
- Security System
- High Ceilings
- Drop Ceilings
- Emergency Lighting
- Drive Thru
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 | 13,569 SF | Gross Leasable Area | 13,569 SF |
| Property Type | Retail | Year Built | 2008 |
| Property Subtype | Drug Store | Parking Ratio | 4.79/1,000 SF |
| Total Space Available | 13,569 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 13,569 SF |
| Year Built | 2008 |
| Parking Ratio | 4.79/1,000 SF |
ABOUT THE PROPERTY
Great opportunity to lease a former Walgreens location in Martinsville, VA.? Located on the south end of town, at the intersection of Greensboro Road and Rives Road, this ±13,569 SF building sits on 1.38 acres and is a great repurposing or redevelopment opportunity with a B1 zoning.? This freestanding retail property is suitable for a variety of retail uses and includes a Drive-Thru, multiple entrances and abundant parking with 65 surface spaces.? Hard corner signalized intersection with excellent visibility and direct frontage on US Route 220 (Greensboro Road) with 12,000 vehicles per day and Rives Road with 6,000 vehicles per day.? 2023 Demographics with a 5-mile population of 29,470 and average household income of $58,205.?
- 24 Hour Access
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
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Former Walgreens - Retail/Office Opportunity | 2707 Greensboro Rd
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