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Victory Crossing Shopping Center 4040 Victory Blvd 1,260 - 17,090 SF of Retail Space Available in Portsmouth, VA 23701
Highlights
- Prime location at Victory Boulevard and I-264 with excellent visibility and access.
- Proximity to Rivers Casino enhances traffic and customer base.
- High daily traffic counts with 63,000 VPD along I-264.
- Anchored by Farm Fresh and supported by a strong tenant mix including Dollar Tree and The UPS Store.
- Flexible retail spaces available, including former restaurant and bank pad site.
Space Availability (4)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 4006-K | 1,260 SF | Negotiable | $27.81 CAD/SF/YR $2.32 CAD/SF/MO $35,043 CAD/YR $2,920 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 4010E | 7,350 SF | 3-10 Years | $20.86 CAD/SF/YR $1.74 CAD/SF/MO $153,311 CAD/YR $12,776 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 4012-C | 5,800 SF | Negotiable | $20.86 CAD/SF/YR $1.74 CAD/SF/MO $120,980 CAD/YR $10,082 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 4016 | 2,680 SF | 3-10 Years | $27.81 CAD/SF/YR $2.32 CAD/SF/MO $74,535 CAD/YR $6,211 CAD/MO | Triple Net (NNN) |
4006 Victory Blvd - 1st Floor - Ste 4006-K
This well-established center spans approximately 500,000 SF and serves as a primary convenience destination for the Southside Hampton Roads area.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Anchored by Farm Fresh
4000-4016 Victory Blvd - 1st Floor - Ste 4010E
Located directly across from Rivers Casino in Victory Crossing Shopping Center.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air and Heating
- High Ceilings
- $300 million Rivers Casino directly adjacent
- Rivers Casino to provide 1,500 permanent jobs
- 192 unit New Townhome Development at 409 McLean St
4000-4016 Victory Blvd - 1st Floor - Ste 4012-C
Former resturant space
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Second generation resturant
4000-4016 Victory Blvd - 1st Floor - Ste 4016
Located directly across from Rivers Casino in Victory Crossing Shopping Center.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Space is in Excellent Condition
- 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.
Site Plan
Select Tenants at Victory Crossing Shopping Center
- Tenant
- Description
- US Locations
- Reach
- Bank of America
- Bank
- 6,571
- International
| Tenant | Description | US Locations | Reach |
| Bank of America | Bank | 6,571 | International |
Property Facts
About the Property
Victory Crossing Shopping Center is a well-established retail destination strategically located at the intersection of Victory Boulevard and Interstate 264 in Portsmouth, Virginia. This value-oriented center serves as a primary convenience hub for the Southside Hampton Roads market, offering excellent visibility and easy access to major thoroughfares. The property spans approximately 108,713 SF and is anchored by Farm Fresh, with additional traffic driven by a nearby Lowe’s Home Improvement. The center benefits from a strong tenant mix, including Dollar Tree, Pizza Hut, Ashley Stewart, Rent-A-Center, and The UPS Store, making it ideal for neighborhood and service-oriented retail users. Its proximity to Rivers Casino further enhances customer draw and foot traffic. Available spaces range from 1,260 SF to 7,350 SF, accommodating a variety of retail concepts, including a former restaurant space and a bank pad site. With competitive lease rates starting at $15.00 per SF (NNN) and flexible configurations, Victory Crossing Shopping Center offers an exceptional opportunity for retailers seeking a high-visibility location in a growing market.
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
Nearby Major Retailers
Presented by
Victory Crossing Shopping Center | 4040 Victory Blvd
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