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Space Availability (1)
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- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,200 SF | Negotiable | $30.00 /SF/YR $2.50 /SF/MO $36,000 /YR $3,000 /MO | Triple Net (NNN) |
1st Floor
One South Commercial is pleased to offer for lease 1316 East Cary Street, a beautifully preserved historic storefront in the highly walkable Shockoe Slip district. Located in the heart of Shockoe Slip, this ±1,200 SF second-generation ground floor restaurant space offers a rare opportunity to establish a presence in one of Downtown Richmond’s most active and historic dining corridors. Positioned adjacent to Jimmy John’s and surrounded by major nearby anchors including Sine, The Berkeley Hotel, the James Center Complex, and Main Street Station, the space benefits from consistent daytime and evening foot traffic from office workers, hotel guests, residents, and visitors alike. The premises include both a highly visible ground-floor dining area and a finished lower level service space, allowing for efficient back-of-house operations without sacrificing customer-facing square footage. The historic storefront features soaring ceilings and an open, flexible layout that can easily accommodate a variety of restaurant or food-and-beverage concepts. Exposed character and scale create an inviting atmosphere well-suited for a vibrant dining experience, while the surrounding mix of hospitality, office, and transit amenities ensures steady demand throughout the day. With its prime Shockoe Slip location and turnkey second-generation build-out, this space represents an exceptional opportunity for an operator seeking a high-profile Downtown Richmond location with built-in traffic and long-term appeal.
- Lease rate does not include utilities, property expenses or building services
- Highly walkable Shockoe Slip location
- Beautiful historic storefront
- Prominent downtown location
- Easy interstate access
- Flexible layout with open ground floor
- Finished lower level service space
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 | 1,200 SF | Gross Leasable Area | 7,800 SF |
| Property Type | Retail | Year Built | 1870 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 1,200 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 7,800 SF |
| Year Built | 1870 |
Features and Amenities
- Bus Line
- Signage
Nearby Major Retailers
Presented by
A Moveable Feast | 1316-1318 E Cary St
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