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1101 E Little Creek Rd 9,363 SF of Retail Space Available in Norfolk, VA 23518
HIGHLIGHTS
- Part of a commercially, intense retail submarket of stores, fast food, and auto sales that cater to residents of Ocean View.
- Monument signage
- Signalized Corner
- Located at the intersection of E. Little Creek Road (36,134 VPD) and Chesapeake Blvd (26,146 VPD).
- Good ingress/egress
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1101 | 9,363 SF | Negotiable | $13.00 /SF/YR $1.08 /SF/MO $139.93 /m²/YR $11.66 /m²/MO $10,143 /MO $121,719 /YR | Triple Net (NNN) |
1st Floor, Ste 1101
Located at the intersection of E. Little Creek Road and Chesapeake Blvd.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Monument Signage
- Good ingress/egress
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 | 9,363 SF | Gross Leasable Area | 9,363 SF |
| Property Type | Retail | Year Built | 1960 |
| Property Subtype | Drug Store | Parking Ratio | 4.49/1,000 SF |
| Total Space Available | 9,363 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 9,363 SF |
| Year Built | 1960 |
| Parking Ratio | 4.49/1,000 SF |
ABOUT THE PROPERTY
This 9,363 SF property occupies a signalized corner with excellent ingress and egress. It features prominent monument signage and is strategically located at the bustling intersection of E. Little Creek Road (36,134 VPD) and Chesapeake Blvd (26,146 VPD), making it a crucial north/south, east/west crossroads. Positioned within a commercially intense retail submarket, the area is populated with stores, fast food outlets, and auto sales that serve the vibrant communities of Ocean View, Bayview, and Larrymore Lawns. This property is an ideal candidate for redevelopment or continued retail use.
- Bus Line
- Pylon Sign
- Signalized Intersection
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| State Rte 165 | State Rte 170, E | 35,000 | 2016 | 0.06 mi |
| State Rte 170 | Lion Ave, E | 35,946 | 2022 | 0.06 mi |
| State Rte 170 | Lion Ave, NW | 32,904 | 2022 | 0.08 mi |
| East Little Creek Road | Lion Ave, W | 30,795 | 2022 | 0.08 mi |
| Lion Ave | Eagle Ave, N | 540 | 2022 | 0.13 mi |
| State Rte 165 | Evelyn T Butts Ave, W | 22,614 | 2022 | 0.14 mi |
| Chesapeake Blvd | Dovercourt Rd, NW | 23,956 | 2022 | 0.15 mi |
| Chesapeake Blvd | Rosefield Ct, N | 26,146 | 2022 | 0.21 mi |
| Chesapeake Boulevard | Rosefield Ct, N | 23,836 | 2022 | 0.21 mi |
| Hilton St | Caribou Ave, E | 1,741 | 2022 | 0.29 mi |
NEARBY MAJOR RETAILERS
MAP
ADDITIONAL PHOTOS
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