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5201 Chippenham Crossing Ctr 43,657 SF of Retail Space Available in Richmond, VA 23234
HIGHLIGHTS
- ±43,657 SF former grocery with two (2) loading docks and abundant parking
- Expansion area to accommodate additional buildings, parking or outdoor storage
- Regional site located at the intersection of Chippenham Parkway & Ironbridge Road
- Prime site for redevelopment with surplus land offering multiple expansion or new-build options for conversion into Retail or Office/Flex
- Combined traffic counts 170,000+
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 43,657 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
±43,657 SF former grocery with two (2) loading docks and abundant parking
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Space is in Excellent Condition
- Former Supermarket
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 | 43,657 SF | Total Land Area | 17.74 AC |
| Property Type | Retail | Year Built | 1998 |
| Property Subtype | Storefront | Parking Ratio | 6.02/1,000 SF |
| Gross Leasable Area | 43,657 SF |
| Total Space Available | 43,657 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 43,657 SF |
| Total Land Area | 17.74 AC |
| Year Built | 1998 |
| Parking Ratio | 6.02/1,000 SF |
ABOUT THE PROPERTY
5201 Chippenham Crossing presents a unique opportunity for investors, developers, or end-users seeking a versatile commercial property in a highly visible and accessible regional location. This ±43,657 square foot former grocery facility is strategically situated at the intersection of Chippenham Parkway and Ironbridge Road, a high-traffic corridor with combined daily vehicle counts exceeding 170,000. The existing structure offers two (2) loading docks and abundant surface parking, making it ideal for a wide range of adaptive reuses. With surplus land included, the property is well-positioned for redevelopment, offering flexibility for expansion, new construction, or conversion into retail, office/flex, or mixed-use space.
NEARBY MAJOR RETAILERS
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5201 Chippenham Crossing Ctr
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