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1220 High St 1,886 SF of Retail Space Available in Portsmouth, VA 23704
HIGHLIGHTS
- New HVAC & LED lighting for parking lot
- HUB & Enterprise Zone.
- Includes shop area with roll up door
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1 | 1,886 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor, Ste 1
Formerly an Enterprise, Rent a Car. This location can also be repurposed to a restaurant. Before the previous tenant, this location was occupied by a fast food restaurant and can be occupied by another restaurant.
- Partially Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Central Air and Heating
- New HVAC & LED lighting
- Located in Portsmouth Innovation District
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 | 1,886 SF | Gross Leasable Area | 1,886 SF |
| Property Type | Retail | Year Built | 1983 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 1,886 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 1,886 SF |
| Year Built | 1983 |
ABOUT THE PROPERTY
Harvey Lindsay Commercial Real Estate is proud to present this new retail offering. Located in Portsmouth's growing Innovation District and a designated HUB & Enterprise Zone this is the perfect location to open a brand new restaurant or standard retail operation.
- Bus Line
- Pylon Sign
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Elm Ave | High St, N | 9,500 | 2022 | 0.06 mi |
| Elm Avenue | High St, N | 10,925 | 2022 | 0.06 mi |
| High St | Godwin St, W | 15,132 | 2022 | 0.07 mi |
| Elm Avenue | London Blvd, N | 7,747 | 2022 | 0.08 mi |
| Elm Ave | London Blvd, N | 6,495 | 2022 | 0.08 mi |
| London Blvd | Armstrong St, W | 26,773 | 2022 | 0.09 mi |
| London Blvd | Elm Ave, W | 23,217 | 2022 | 0.14 mi |
| Queen St | Hatton St, E | 9,800 | 2018 | 0.16 mi |
| High St | Hatton St, E | 7,774 | 2022 | 0.17 mi |
| County Street | Godwin St, E | 2,194 | 2022 | 0.17 mi |
NEARBY MAJOR RETAILERS
