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Center Shops 730 W 21st St 12,832 SF of Retail Space Available in Norfolk, VA 23517
SUBLEASE HIGHLIGHTS
- Three points of access via 21st Street, and three points of access off of 22nd Street
- 14,000 VPD on 21st Street
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 12,832 SF | Negotiable | $23.73 CAD/SF/YR $1.98 CAD/SF/MO $304,512 CAD/YR $25,376 CAD/MO | Modified Gross |
1st Floor
+/- 12,832 SF Available next door to new Aldi! Will subdivide
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Dedicated loading dock for the space
- Three points of access via 21st Street
- Three points of access off of 22nd Street
- 14,000 VPD on 21st Street
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 CENTER SHOPS
- Harris Teeter
PROPERTY FACTS
| Total Space Available | 12,832 SF | Total Land Area | 2.63 AC |
| Property Type | Retail | Year Built | 1942 |
| Property Subtype | Supermarket | Parking Ratio | 3.52/1,000 SF |
| Gross Leasable Area | 27,117 SF |
| Total Space Available | 12,832 SF |
| Property Type | Retail |
| Property Subtype | Supermarket |
| Gross Leasable Area | 27,117 SF |
| Total Land Area | 2.63 AC |
| Year Built | 1942 |
| Parking Ratio | 3.52/1,000 SF |
ABOUT THE PROPERTY
The Center Shops are located in what is considered the epicenter of Ghent, at the intersection of Colley Avenue and 21st Street. The property is convenient to many surrounding neighborhoods, but also to students, faculty and staff at Old Dominion University, along with the nearby Sentara Medical Complex and over 62,000 military and civilians working/living at Naval Station Norfolk.
- Bus Line
- Signage
NEARBY MAJOR RETAILERS
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Center Shops | 730 W 21st St
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