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Miller Tire & Battery Company Building 400 5th St 8,556 SF of Retail Space Available in Lynchburg, VA 24504
Highlights
- Historical Building
- Open Floorplan
- On-Site Parking
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 8,556 SF | 5 Years | $21.13 CAD/SF/YR $1.76 CAD/SF/MO $180,766 CAD/YR $15,064 CAD/MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
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 | 8,556 SF | Gross Leasable Area | 8,556 SF |
| Property Type | Retail | Year Built | 1927 |
| Property Subtype | Storefront | Parking Ratio | 2.34/1,000 SF |
| Total Space Available | 8,556 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 8,556 SF |
| Year Built | 1927 |
| Parking Ratio | 2.34/1,000 SF |
About the Property
Envision your business in the well-known Miller Tire & Battery Company Building in Downtown Lynchburg - Historical Building, Up to 14,000 SF of Existing Space, Vertical Expansion Possible, Will Divide, Great Frontage, Great Visibility, On-Site Parking, Historical Tax Credits Possible (Owner currently working on Part 2 Approval with DHR), Most Recently occupied by Vector Space.? Historical Info: One of the first automobile-oriented buildings in the district built in 1927 for the Miller Tire and Battery Company (118-5317) at 400 Fifth Street.? The original portion (first floor) of the building is constructed of hard-fired rusticated brick.? The most unusual feature of the building was a diagonal porte-cochere on its north corner that allowed drivers to stop at the building, visit the business office, and perhaps check their tire pressure without being exposed to the elements.? This pass-through was supported on its extreme northern corner by a single brick pillar.? In the 1940s, the porte-cochere was infilled, and a second story was added to the building.?
- 24 Hour Access
- Corner Lot
- Restaurant
- Signage
Presented by
Miller Tire & Battery Company Building | 400 5th St
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