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Crossings Mall 303-309 Crossings Mall 2,500 - 9,000 SF of Retail Space Available in Elkview, WV 25071
HIGHLIGHTS
- The best thing about this space is the shopping center has been successful for 35 years
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 215 | 2,500 SF | 10’ | Negotiable | $15.36 CAD/SF/YR $1.28 CAD/SF/MO $38,388 CAD/YR $3,199 CAD/MO | Triple Net (NNN) | |
| 1st Floor, Ste 219 | 6,500 SF | 10’ | Negotiable | $16.75 CAD/SF/YR $1.40 CAD/SF/MO $108,882 CAD/YR $9,073 CAD/MO | Triple Net (NNN) |
201-223 Crossings Mall - 1st Floor - Ste 215
This is the last remaining space in a former Kmart, currently Kroger's, CVS, Advance Auto, and many other tenant included shopping center, located at the Elkview exit of Interstate 79, approximately 9 miles from Charleston, the state capital. The space is 25' x 100' and contains 2500 ft.² and formerly was a successful RadioShack, however they closed a lot of stores. The owners of the shopping center would prefer to have a Chinese restaurant, however they will look at anything in order to keep the space occupied. If a restaurant goes in, there are tables and booths and chairs galore stored in the space that can be separately negotiated.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Finished Ceilings: 10’
- This is just a very good shopping center which is extremely popular in the area north of Charleston West Virginia
- The Kroger store there does a banner business, huge for the area
- At some point in time, the Kmart lease will terminate and the space will be repurposed into other retail areas. It is in good condition.
- Recent new tenants are KFC and Taco Bell who opened restaurants.
- There is a new sitdown restaurant with bar in the former Texas steakhouse.
- There is very little retail competition thereby
201-223 Crossings Mall - 1st Floor - Ste 219
This space has been occupied by goodwill in the for many years. They recently moved to a much larger location within the shopping center. They traded 6500 ft.² for 15,000 ft.². This space is in good condition ready for the next tenant. It measures 50 feet across and 130 feet deep and contains 6500 ft.² it would not take very much to upgrade the space, more than likely the largest expense would be to strip and wax and seal the floor. It has an overhead door in the rear for product delivery and a partition about three quarters of the way back for storage of merchandise not on the shelves. The shopping center is extremely popular and has been for 30 years. When this space is finally leased, except for the Kmart which is under option right now, the entire shopping center save a former 2500 square-foot RadioShack suite will be totally occupied
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Finished Ceilings: 10’
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 | 9,000 SF | Frontage | 2,114’ on Crossings Mall |
| Center Type | Community Center | Gross Leasable Area | 222,985 SF |
| Parking | 1003 Spaces | Total Land Area | 98.60 AC |
| Center Properties | 8 | Year Built | 1990 |
| Total Space Available | 9,000 SF |
| Center Type | Community Center |
| Parking | 1003 Spaces |
| Center Properties | 8 |
| Frontage | 2,114’ on Crossings Mall |
| Gross Leasable Area | 222,985 SF |
| Total Land Area | 98.60 AC |
| Year Built | 1990 |
ABOUT THE PROPERTY
This shopping center has been a fixture in the Elkview area north of Charleston for over 30 years. With the extremely high cost of preparing land for development, there is very little likelihood that any competitive shopping centers will be built in the future in the area. It is simply too expensive. For that reason, this is a focal point for a 25 mile radius going up the elk River and through the various streams in the watershed. The shopping center is almost full and, following the closure of the Kmart, there have been numerous offers to take that space and make something major out of it. Plans are currently underway to repurpose the Kmart space. When that happens, and the very small 2500 square-foot former RadioShack space leases, and this space leases, the entire shopping center will be full. The steakhouse which had been on shaky ground for many years time is now under lease to a franchisee of Wings, etc., and they hope to open within the next 60 days with a sitdown restaurant which also is a sports bar. That type of facility is much welcomed in the Elkview area, as there are very few sitdown restaurants nearby. It is the likely best addition to the shopping center that is come along in quite a while. The 2500 sf space was formerly Radio Shack. The 6500 sf space was formerly Goodwill Industries, who did a very good business in the SC, and escalated from 6500 sf to 15,000,sf. by moving around the corner. The smaller space was closed down by Radio Shack, which closed most of their stores. Anyone that is taking this space would likely do good business because of the demographics of the area.
- Pylon Sign
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Crossings Mall | 303-309 Crossings Mall
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