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Harris Teeter/CVS/PETCO/Marshalls NEW SHOPS 4540 Princess Anne Rd 3,200 - 15,200 SF of 4-Star Retail Space Available in Virginia Beach, VA 23462
HIGHLIGHTS
- Situated in the heart of Virginia Beach, Virginia's largest city, on Princess Anne Road at S. Plaza Trail, within the bustling Kempsville district.
- Part of a development anchored by top retailers including Harris Teeter, CVS Pharmacy, Marshall's, and Petco, drawing consistent foot traffic.
- Benefits from significant daily traffic with excellent stoplight access, ensuring high visibility and accessibility.
- Easy access from I-264 at the Independence Blvd. south exit, with proximity to major retailers.
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 105-106 | 3,200 SF | Negotiable | $22.00 /SF/YR $1.83 /SF/MO $70,400 /YR $5,867 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 301 | 12,000 SF | Negotiable | $22.00 /SF/YR $1.83 /SF/MO $264,000 /YR $22,000 /MO | Triple Net (NNN) |
1st Floor, Ste 105-106
This outparcel building on Princess Anne Road in Virginia Beach offers versatile shop spaces from 1,200 to 4,800 square feet and features a drive-thru for Dollar Bank. Located in the heart of the Kempsville district, the property is anchored by major retailers such as Harris Teeter, CVS Pharmacy, Marshall's, and Petco. With high visibility, excellent stoplight access, and proximity to key amenities including Bon Secours Medical Ambulatory Surgical Center and numerous new residences, it provides a prime location for retail businesses. Convenient access from I-264 and a thriving trade area with major retailers further enhance its appeal.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Ample parking
1st Floor, Ste 301
This outparcel building on Princess Anne Road in Virginia Beach offers versatile shop spaces from 1,200 to 4,800 square feet and features a drive-thru for Dollar Bank. Located in the heart of the Kempsville district, the property is anchored by major retailers such as Harris Teeter, CVS Pharmacy, Marshall's, and Petco. With high visibility, excellent stoplight access, and proximity to key amenities including Bon Secours Medical Ambulatory Surgical Center and numerous new residences, it provides a prime location for retail businesses. Convenient access from I-264 and a thriving trade area with major retailers further enhance its appeal.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Ample parking
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 | 15,200 SF | Total Land Area | 27.60 AC |
| Property Type | Retail | Year Built | 2009 |
| Property Subtype | Freestanding | Parking Ratio | 9.57/1,000 SF |
| Gross Leasable Area | 115,000 SF |
| Total Space Available | 15,200 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 115,000 SF |
| Total Land Area | 27.60 AC |
| Year Built | 2009 |
| Parking Ratio | 9.57/1,000 SF |
ABOUT THE PROPERTY
Introducing a brand-new outparcel building featuring a drive-thru for Dollar Bank and flexible shop space ranging from 1,200 to 4,800 square feet. This first-class, all-brick construction is situated in the heart of Virginia Beach, Virginia's largest city. The development is anchored by top-tier retailers including Harris Teeter, CVS Pharmacy, Marshall's, and Petco, with all in-line shop spaces fully occupied and offering excellent stoplight access. The property is located on Princess Anne Road at S. Plaza Trail in the vibrant Kempsville district, a key commercial corridor stretching from Sentara Leigh Memorial Hospital to the city's municipal center. This area also encompasses the higher education district, featuring Tidewater Community College, Norfolk State University, and Old Dominion University, as well as the new Sentara Princess Anne Hospital and a popular concert amphitheater. The mixed-use development benefits from high visibility with two stoplights, multiple curb cuts, and prominent pylon signs. It is surrounded by significant amenities, including the Bon Secours Medical Ambulatory Surgical Center, thousands of new residences, and Bishop Sullivan Catholic High School. Conveniently accessible from I-264 via the Independence Blvd. south exit, the property is situated within a thriving retail trade area that includes Wal*Mart, Target, Home Depot, Kroger, Farm Fresh, Walgreens, and Blockbuster. Outparcels are available for ground lease or build-to-suit opportunities, offering additional versatility for potential tenants. Apply now to be part of this premier location!
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Air Conditioning
NEARBY MAJOR RETAILERS
Presented by
JCF
Harris Teeter/CVS/PETCO/Marshalls NEW SHOPS | 4540 Princess Anne Rd
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