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Pembroke Place 312 Constitution Dr 1,180 SF of Retail Space Available in Virginia Beach, VA 23462
HIGHLIGHTS
- Heart of Virginia Beach Business District.
- Average daily traffic of 62,000+ vehicles.
- Great population density with over 300,000 people in 5 mile radius.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 6 | 1,180 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
300-312 Constitution Dr - 1st Floor - Ste 6
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.
SITE PLAN
SELECT TENANTS AT PEMBROKE PLACE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Chipotle Mexican Grill
- Fast-food
- 5,228
- International
- Floor & Decor
- Floor Covering
- 297
- National
- Michaels
- Art/Crafts
- 1,437
- International
- Panera Bread
- Bakery
- 2,857
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Chipotle Mexican Grill | Fast-food | 5,228 | International |
| Floor & Decor | Floor Covering | 297 | National |
| Michaels | Art/Crafts | 1,437 | International |
| Panera Bread | Bakery | 2,857 | International |
PROPERTY FACTS
| Total Space Available | 1,180 SF | Frontage | 1,300’ on Constitution Drive |
| Center Type | Community Center | Gross Leasable Area | 152,926 SF |
| Parking | 533 Spaces | Total Land Area | 23.85 AC |
| Stores | 9 | Year Built | 1985 |
| Center Properties | 2 |
| Total Space Available | 1,180 SF |
| Center Type | Community Center |
| Parking | 533 Spaces |
| Stores | 9 |
| Center Properties | 2 |
| Frontage | 1,300’ on Constitution Drive |
| Gross Leasable Area | 152,926 SF |
| Total Land Area | 23.85 AC |
| Year Built | 1985 |
ABOUT THE PROPERTY
Pembroke Place, conveniently located at the intersection of Virginia Beach Boulevard & Constitution Drive and across from Town Center and a regional mall, boasts a variety of major tenants, from Floor & Decor to Chipotle and Panera Bread, which see an average of 62,000+ per day in vehicle traffic.
NEARBY MAJOR RETAILERS
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Pembroke Place | 312 Constitution Dr
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