This Retail Property is For Lease.

570 Pantops Center
Charlottesville, VA 22911 ·

11,900 SF · Retail For Lease

$16.50 - $20 /SF/Year

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Pantops Shopping Center

Rental Rate $16.50 - $20 /SF/Year Property Sub-type Neighborhood Center
Total Space Available 11,900 SF Gross Leasable Area 193,852 SF
Min. Divisible 2,000 SF Anchor Tenant 1 Food Lion
Max. Contiguous 5,500 SF Anchor Tenant 2 Roses
Property Type Retail Anchor Tenant 3 Dollar Tree
Find out more...
Listing ID: 18807389 Date Created: 07/22/2014 Last Updated: 09/05/2017

3 Spaces Available

Display Rental Rate as

Rental Rate
  • $17 /SF/Year
  • $17 /SF/Year
  • $1.42 /SF/Month
  • $34,000 /Year
  • $2,833.33 /Month
Space Type Neighborhood Center
Space Available 2,000 SF Lease Type NNN

Former Radio Shack space.

Rental Rate
  • $16.50 /SF/Year
  • $16.50 /SF/Year
  • $1.38 /SF/Month
  • $72,600 /Year
  • $6,050 /Month
Lease Type NNN
Space Available 4,400 SF Date Available Mar 2016
Min. Divisible 3,200 SF Pct. Procurement Fee 3.00%
Space Type Neighborhood Center

Current Lazy Parrot (not the Lazy Parrot Backyard Grill) will close and vacate by 3/1/16. Restaurant space with some equipment available.

Rental Rate
  • $20 /SF/Year
  • $20 /SF/Year
  • $1.67 /SF/Month
  • $110,000 /Year
  • $9,166.67 /Month
Lease Type NNN
Space Available 5,500 SF Date Available Jul 2016
Min. Divisible 2,000 SF Pct. Procurement Fee 3.00%
Space Type Neighborhood Center

Hallmark is closing June 2016. If the space is subdivided then the rent per sf will increase.

Description

Pantops Shopping Center is one of two grocery anchored centers on Pantops, just east of downtown Charlottesville and off of I-64, exit 124. Anchored by Food Lion, Roses, Tuesday Morning, and Dollar Tree, this Center offers the lowest grocery anchored rents in town, with THE lowest NNN expenses. Several national restaurants, Verizon and an Urgent Care facility surround the center. Tenant history has shown very little vacancy over the years.

From I-64, take exit 124 and head east. Turn left at the Rte 20N light and then turn right into multiple access points for the Center. If in downtown C'Ville or Rte 29N, take 250 East across Free Bridge, then turn right into the Center between the Shell Station and Hardees.

Highlights

  • Historically low Vacancy Rate
  • Anchors include Food Lion, Roses, Dollar Tree, Tuesday Morning
  • Close proximity to I-64 and downtown Charlottesville
  • Rents $10-20 sf cheaper than nearby alternatives
  • Pantops Mtn continues to grow and develop into fantastic alternative to Rte 29N retail corridor
  • Pantops Mtn is home to Martha Jefferson Hospital, State Farm Campus and gateway to high end residential east of C'Ville

Research

570 Pantops Center, Charlottesville, VA 22911 (Albemarle County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Charlottesville Market Trends - Asking price index trends, sale price trends, asking rent trends

Demographics - Review demographics in this neighborhood

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