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Victory Crossing Shopping Center 4040 Victory Blvd 3,000 - 6,500 SF of Retail Space Available in Portsmouth, VA 23701
Highlights
- Located at the corner of Victory Boulevard and Interstate 264 with high traffic counts.
- Strong tenant mix including Ross Dress for Less, Five Below, and ABC Store.
- Easy access to major highways and heavy daytime traffic generators.
- Adjacent to Rivers Casino Portsmouth, a major new regional attraction.
- Pylon signage available on Victory Boulevard and Airline Boulevard.
- Surrounded by established retail, dining, and service businesses.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 10 & 11 | 3,000-6,500 SF | Negotiable | $20.00 /SF/YR $1.67 /SF/MO $130,000 /YR $10,833 /MO | Triple Net (NNN) |
4020 Victory Blvd - 1st Floor - Ste 10 & 11
Victory Crossing offers a prime retail leasing opportunity in Portsmouth’s vibrant retail hub. The center is strategically positioned at the intersection of Victory Boulevard and Interstate 264, providing exceptional visibility and convenient access for both local and regional traffic. The property benefits from heavy daytime traffic counts, with 29,330 vehicles per day on Victory Boulevard and 67,000 vehicles per day on I-264, ensuring strong exposure for tenants.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air Conditioning
- Adjacent to Rivers Casino Portsmouth
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.
Select Tenants at Victory Crossing Shopping Center
- Tenant
- Description
- US Locations
- Reach
- Alcoholic Beverage Control
- Liquor
- 443
- Local
- DTLR
- Shoes
- 585
- National
- Five Below
- Dollar/Variety/Thrift
- 2,583
- National
- Los Amigos Mexican Restaurant
- -
- 1
- -
- Rainbow
- Ladies' Apparel
- 1,017
- National
- Ross Dress for Less
- Discount Store
- 2,464
- International
| Tenant | Description | US Locations | Reach |
| Alcoholic Beverage Control | Liquor | 443 | Local |
| DTLR | Shoes | 585 | National |
| Five Below | Dollar/Variety/Thrift | 2,583 | National |
| Los Amigos Mexican Restaurant | - | 1 | - |
| Rainbow | Ladies' Apparel | 1,017 | National |
| Ross Dress for Less | Discount Store | 2,464 | International |
Property Facts
About the Property
The property is situated at 4020 Victory Boulevard in Portsmouth, Virginia, at the intersection of Victory Boulevard and Interstate 264. It is part of a retail center that includes national tenants and offers direct access to major roadways. The site is adjacent to Rivers Casino Portsmouth and is located near Tidewater Community College and Norfolk Naval Shipyards. Traffic counts include approximately 29,330 vehicles per day on Victory Boulevard and 67,000 vehicles per day on I-264.
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
Nearby Major Retailers
