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Former Value City 2720 N Mall Dr 54,000 SF of Retail Space Available in Virginia Beach, VA 23452
Highlights
- Prominent ±55,045 SF anchor box adjacent to Lynnhaven Mall, the region’s largest shopping center.
- Excellent visibility and access from North Mall Drive and Lynnhaven Parkway with 37,258 VPD.
- Located in a thriving retail corridor with strong demographics and proximity to West Oceana Corporate Park.
- Immediate availability with B-2 zoning supporting diverse retail uses.
- Surrounded by top national retailers including Walmart, Macy’s, Dillard’s, and Dick’s Sporting Goods.
- Part of a subdivided parcel within Lynnhaven North Shopping Center, offering convenient ingress and egress.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 54,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
The ±55,045 SF former Value City space at 2720 North Mall Drive presents a prominent big-box leasing opportunity within the highly sought-after Lynnhaven retail corridor of Virginia Beach. The subject property is nearby Lynnhaven Mall, which is home to 1.3 million sq ft of retail space. The property is its own subdivided parcel located within the Lynnhaven North Shopping Center and has easy access to both North Mall Drive and Lynnhaven Parkway.
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 | 54,000 SF | Gross Leasable Area | 54,000 SF |
| Property Type | Retail | Total Land Area | 5.01 AC |
| Property Subtype | Department Store | Year Built | 1986 |
| Total Space Available | 54,000 SF |
| Property Type | Retail |
| Property Subtype | Department Store |
| Gross Leasable Area | 54,000 SF |
| Total Land Area | 5.01 AC |
| Year Built | 1986 |
About the Property
The property at 2720 N Mall Drive, Suite 107, Virginia Beach, VA, is a ±55,045 SF retail space located within the Lynnhaven North Shopping Center. It is adjacent to Lynnhaven Mall and accessible from North Mall Drive and Lynnhaven Parkway. The site is zoned B-2 and is part of a subdivided parcel. Surrounding retailers include Walmart, Macy’s, Dillard’s, Dick’s Sporting Goods, and Academy Sports + Outdoors. Traffic counts on Lynnhaven Parkway are approximately 37,258 vehicles per day.
Nearby Major Retailers
Contact the Leasing Agent
Former Value City | 2720 N Mall Dr