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Forest Plaza Shopping Center 3227 Old Forest Rd 2,500 - 10,000 SF of Retail Space Available in Lynchburg, VA 24501
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,500-10,000 SF | Negotiable | $30.71 CAD/SF/YR $2.56 CAD/SF/MO $307,102 CAD/YR $25,592 CAD/MO | Triple Net (NNN) |
3227 Old Forest Rd - 1st Floor
Up to 10,000 sq. ft. of contiguous space is available in a freestanding building within a Walmart shadow-anchored retail center. The space can be subdivided to accommodate tenant needs. Situated in the geographical center of Lynchburg, this location offers strong demographics and proximity to Lynchburg’s largest private employer, Areva NP, Inc.'s North American headquarters with approximately 1,600 employees. Additionally, the property is located near two colleges with a combined enrollment of 15,300 students and is just ¼ mile from key institutions. Monument signage is available, and the property benefits from nearby national retailers.
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
- Excellent Location
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 | 10,000 SF | Gross Leasable Area | 204,550 SF |
| Min. Divisible | 2,500 SF | Total Land Area | 131.48 AC |
| Center Type | Neighborhood Center | Year Built | 2010 |
| Center Properties | 4 |
| Total Space Available | 10,000 SF |
| Min. Divisible | 2,500 SF |
| Center Type | Neighborhood Center |
| Center Properties | 4 |
| Gross Leasable Area | 204,550 SF |
| Total Land Area | 131.48 AC |
| Year Built | 2010 |
NEARBY MAJOR RETAILERS
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Forest Plaza Shopping Center | 3227 Old Forest Rd
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