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Williams Court I & II 4800-4808 George Washington Hwy 1,212 - 4,812 SF of Retail Space Available in Portsmouth, VA 23702
HIGHLIGHTS
- Highly Competitive Lease Rates
- High Traffic Counts
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,212 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 1st Floor, Ste 4832 | 3,600 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
4800-4824 George Washington Hwy - 1st Floor
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
4800-4824 George Washington Hwy - 1st Floor - Ste 4832
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
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 WILLIAMS COURT I & II
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Food Lion
- Supermarket
- 1,299
- National
- Ollie's Bargain Outlet
- Dollar/Variety/Thrift
- 803
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Food Lion | Supermarket | 1,299 | National |
| Ollie's Bargain Outlet | Dollar/Variety/Thrift | 803 | National |
PROPERTY FACTS
| Total Space Available | 4,812 SF | Gross Leasable Area | 159,002 SF |
| Center Type | Community Center | Total Land Area | 23.46 AC |
| Parking | 1042 Spaces | Year Built | 1985 |
| Center Properties | 7 | Cross Streets | Victory Blvd & George Washington Hw |
| Frontage | 1,711’ on George Washington Hwy |
| Total Space Available | 4,812 SF |
| Center Type | Community Center |
| Parking | 1042 Spaces |
| Center Properties | 7 |
| Frontage | 1,711’ on George Washington Hwy |
| Gross Leasable Area | 159,002 SF |
| Total Land Area | 23.46 AC |
| Year Built | 1985 |
| Cross Streets | Victory Blvd & George Washington Hw |
ABOUT THE PROPERTY
Parker Burnell Real Estate Group presents a unique leasing opportunity at Williams Court, a flourishing Food Lion anchored building. Stretching across an impressive area of 100,519 square feet, this high-traffic commercial center strategically sits at the signalized corner of George Washington Highway and Victory Boulevard, two of the most frequented routes in the area. This bustling intersection sees daily traffic counts of 23,000 vehicles along George Washington Highway and an additional 18,000 vehicles along Victory Boulevard, marking it as an area teeming with potential customers. Notably, Food Lion, the primary tenant, has reported above-average sales, demonstrating the center's strong customer attraction and retention. The available storefront spans from 1,212 to 3,800 square feet, offering flexible options to cater to various business needs. This coveted space benefits from the center's ample parking facilities, maintaining an 11/1,000 SF ratio, thus ensuring a hassle-free shopping experience for all visitors. Considering its location, successful anchor tenant, high traffic counts, and competitive lease rates, Williams Court represents an exceptional opportunity for retailers seeking to capitalize on robust commercial dynamics and customer footfall in a well-established and thriving locale.
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
NEARBY MAJOR RETAILERS
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Williams Court I & II | 4800-4808 George Washington Hwy
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