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The Village Greens of Annapolis 509 S Cherry Grove Ave 3,088 SF of Retail Space Available in Annapolis, MD 21401
Highlights
- Proposed 1,860 sf Drive-Thru available.
- Ideal for quick serve restaurants.
- CVS anchored center located on Forest Drive in Annapolis with close proximity to the Town Center.
- Located at high traffic signalized intersection
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,088 SF | 5-20 Years | Upon Request Upon Request Upon Request Upon Request | Negotiable |
501 S Cherry Grove Ave - 1st Floor
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
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 The Village Greens of Annapolis
- CVS Pharmacy
Property Facts
| Total Space Available | 3,088 SF | Gross Leasable Area | 35,007 SF |
| Center Type | Neighborhood Center | Total Land Area | 17.83 AC |
| Parking | 157 Spaces | Year Built | 2002 |
| Center Properties | 5 |
| Total Space Available | 3,088 SF |
| Center Type | Neighborhood Center |
| Parking | 157 Spaces |
| Center Properties | 5 |
| Gross Leasable Area | 35,007 SF |
| Total Land Area | 17.83 AC |
| Year Built | 2002 |
About the Property
Village Green Shopping Center offers prime retail availability in the heart of Annapolis, positioned at the high-visibility corner of Forest Drive and Cherry Grove Avenue. This CVS-anchored center provides a strong draw for daily traffic and ensures consistent activity with prominent co-tenants, including Ledo Pizza and Celebree School. Situated at a highly trafficked, signalized intersection, the site benefits from an average daily traffic count of 40,100 vehicles on Forest Drive, delivering significant exposure for retail operators. This space is ideal for quick-service restaurants and retail concepts seeking a convenient, accessible location near affluent neighborhoods with strong demographics. Within a five-mile radius, the population exceeds 100,000 with high household incomes, supporting a robust customer base. Surrounded by established retail and service providers, this property delivers excellent synergy for tenants looking to maximize visibility and leverage a growing community hub just minutes from Annapolis Town Center and major roadways.
- Signage
Nearby Major Retailers
