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Promenade Park 3536-3544 Electric Rd 1,750 - 3,500 SF of Retail Space Available in Roanoke, VA 24018
Highlights
- Outstanding Traffic Count
- Excellent Foot Traffic
- Premium Center
- Recent Renovations
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,750-3,500 SF | Negotiable | $19.00 /SF/YR $1.58 /SF/MO $66,500 /YR $5,542 /MO | Triple Net (NNN) |
1st Floor
Promenade Park offers well-positioned retail opportunities in the heart of southwest Roanoke County. This established center features a strong tenant mix designed to drive steady foot traffic and support long-term occupancy success. Situated along Electric Road (Route 419) with traffic counts exceeding 30,000 vehicles per day, the property provides prominent exposure for retailers seeking access to a highly active corridor. The center benefits from convenient ingress and egress and sits in proximity to major transportation routes including I-581, U.S. Route 220, and Tanglewood Mall, a regional retail destination. Tenants gain the advantage of recent renovations, a clean aesthetic, and functional layouts configured for diverse retail concepts. With easy access to surrounding residential neighborhoods and strong daytime population drivers, Promenade Park is an outstanding choice for businesses looking to capture consumer demand in a thriving market.
- Lease rate does not include utilities, property expenses or building services
- Central Air Conditioning
- 30,000 vehicles per day.
- Recently renovated center
- Convenient access to I-581
- Near Tanglewood Mall
- Strong tenant mix
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 | 3,500 SF | Gross Leasable Area | 35,975 SF |
| Min. Divisible | 1,750 SF | Year Built | 1986 |
| Property Type | Retail | Parking Ratio | 2.78/1,000 SF |
| Property Subtype | Freestanding |
| Total Space Available | 3,500 SF |
| Min. Divisible | 1,750 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 35,975 SF |
| Year Built | 1986 |
| Parking Ratio | 2.78/1,000 SF |
About the Property
The property is a retail shopping center located on Electric Road (Route 419) in southwest Roanoke County. It was constructed in 1986 and contains multiple storefronts in a single-level configuration. The site is positioned along a major roadway, providing vehicle access and visibility. The surrounding area includes residential neighborhoods, other commercial developments, and Tanglewood Mall. Road network connectivity includes Route 220 and Interstate 581.
- Pylon Sign
Nearby Major Retailers
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Promenade Park | 3536-3544 Electric Rd
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