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Best Square 415 N Military Hwy 33,570 SF of Retail Space Available in Norfolk, VA 23502
HIGHLIGHTS
- Spaces can be subdivided to spec
- Just off exits from Virginia Beach Blvd (U.S. Route 58) and I-264, the major East/West thoroughfares connecting cities of Tidewater
- Great ingress/egress at two signalized intersections
- Part of Janaf/Military Circle submarket, a dominant retail trade area
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste C-1 | 33,570 SF | Negotiable | $12.56 CAD/SF/YR $1.05 CAD/SF/MO $421,749 CAD/YR $35,146 CAD/MO | Triple Net (NNN) |
415 N Military Hwy - 1st Floor - Ste C-1
On ground floor
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- .
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.
SELECT TENANTS AT BEST SQUARE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Planet Fitness
- Fitness
- 3,172
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Planet Fitness | Fitness | 3,172 | International |
PROPERTY FACTS
| Total Space Available | 33,570 SF | Frontage | Military |
| Center Type | Community Center | Gross Leasable Area | 235,926 SF |
| Parking | 1052 Spaces | Total Land Area | 27.22 AC |
| Stores | 6 | Year Built | 1985 |
| Center Properties | 5 |
| Total Space Available | 33,570 SF |
| Center Type | Community Center |
| Parking | 1052 Spaces |
| Stores | 6 |
| Center Properties | 5 |
| Frontage | Military |
| Gross Leasable Area | 235,926 SF |
| Total Land Area | 27.22 AC |
| Year Built | 1985 |
FEATURES AND AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
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Best Square | 415 N Military Hwy
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