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2502 Melrose Ave NW 8,220 SF of Retail Space Available in Roanoke, VA 24017
HIGHLIGHTS
- Pylon Sign for Great Visibility
- Open Floor Plan Perfect for Retail
- Part of the Greater Melrose Plaza
- Tall Ceilings
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste G | 8,220 SF | 11’4” | Negotiable | $11.50 /SF/YR $0.96 /SF/MO $94,530 /YR $7,878 /MO | Triple Net (NNN) |
1st Floor, Ste G
This is an 8,220 square foot stand alone building that is part of Melrose Plaza. The entrance is at the traffic light at Melrose and Lafayette. Large street sign is available for tenant use. 2 restrooms. Stock Room with overhead door. Tenant pays proportional part (7.6%) of real estate taxes, water/sewer, building insurance and grounds which is projected to be $1.93 per square foot. Tenant pays utilities electric and gas.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Professional Services Office
- Space is in Excellent Condition
- Finished Ceilings: 11’4”
- Large Street Sign
- Out Parcel at the newly opened Melrose Plaza
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 | 8,220 SF | Gross Leasable Area | 107,509 SF |
| Property Type | Retail | Year Built | 1965 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 0.35/1,000 SF |
| Total Space Available | 8,220 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 107,509 SF |
| Year Built | 1965 |
| Parking Ratio | 0.35/1,000 SF |
ABOUT THE PROPERTY
Come join the new Melrose Plaza that features The Market on Melrose a full service grocery, The Bank of Botetourt offering financial services, Wellness on Melrose with health and fitness services and the Excel Center for job training. Suite G is a stand alone building in the Plaza that is accessed at the intersection of Melrose and Lafayette. This building has been completely remodeled and was last used as a youth community center. The large open community room is ideal for retail use and offers an adjoining storage | stock room. Be a part of the exciting changes happening on Melrose Avenue!
- 24 Hour Access
- Pylon Sign
- Signalized Intersection
NEARBY MAJOR RETAILERS
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2502 Melrose Ave NW
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