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956 E Little Creek Rd 32,864 SF of Retail Space Available in Norfolk, VA 23518
HIGHLIGHTS
- 3.75 Acre, can be expanded or subdivided.
- Superior Ingress/Egress and Surrounded by Retail: CVS, Rite Aid, Wawa, Walmart
- Northwest corner of Little Creek Rd. (36,134 VPD) at Chesapeake Blvd. (23,956 VPD)
- Close Proximity to I-64 (multiple interchanges)
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 32,864 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor
Opportunity for Ground Lease or Build-to-Suit.
- Space is an outparcel at this property
- Pylon Signage
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 | 32,864 SF | Year Built | 1981 |
| Property Type | Retail | Parking Ratio | 3.04/1,000 SF |
| Property Subtype | Freestanding | Cross Streets | none |
| Gross Leasable Area | 32,864 SF |
| Total Space Available | 32,864 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 32,864 SF |
| Year Built | 1981 |
| Parking Ratio | 3.04/1,000 SF |
| Cross Streets | none |
ABOUT THE PROPERTY
Harvey Lindsay Commercial Real Estate is privileged to offer an exceptional redevelopment lease opportunity located at the dynamic intersection of Little Creek Rd and Chesapeake Blvd. This approximately 3.86-acre parcel currently features a 32,864 square-foot building, and presents flexible possibilities for expansion, subdivision, a ground lease, or a custom build-to-suit opportunity, based on your needs. This site's strategic position at the northwest corner of an east/west, north/south intersection - Little Creek Rd (36,134 VPD) and Chesapeake Blvd (23,956 VPD) - assures superior ingress and egress, facilitating seamless accessibility for consumers and employees. This high-traffic location boosts visibility and brand recognition, making it an invaluable asset for businesses seeking a prime location. Surrounded by a robust retail environment that caters to residents of Ocean View, Bay View, and Larrymore Lawns, this site offers unparalleled exposure. Neighboring businesses include notable entities such as CVS, Rite Aid, Wawa, Walmart Neighborhood Market, and Super Walmart, among others. This intense retail submarket not only ensures a constant footfall but also offers synergy with complementary businesses that bolster consumer convenience and interest. Adding to its appeal, the site offers pylon signage, enhancing visibility and creating a prominent brand presence. The proximity to multiple interchanges of I-64 further amplifies its strategic advantage, ensuring that it's well within the logistical map of any business. Demographically, this site is set within a 3-mile radius that boasts a substantial population of 112,701 and 47,403 households (ESRI, 2022). This vibrant neighborhood is home to 2,106 businesses, providing a bustling business environment and a strong potential customer base. With 25,404 employees in the vicinity and an average household income of $76,989, the local economy is robust and supportive of new business endeavors. Further, the daytime population of 93,571 presents a thriving market opportunity for businesses targeting daily consumers. This redevelopment site offers businesses a unique opportunity to establish their presence at the heart of a vibrant community, supported by a thriving retail environment, strategic location, robust demographics, and flexible site options. As an investment, it represents an incredible opportunity to be part of the ongoing growth and development in the area.
- Bus Line
- Pylon Sign
- Signage
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| State Rte 165 | Evelyn T Butts Ave, W | 22,614 | 2022 | 0.08 mi |
| Chesapeake Blvd | Dovercourt Rd, NW | 23,956 | 2022 | 0.08 mi |
| Lion Ave | Eagle Ave, N | 540 | 2022 | 0.15 mi |
| State Rte 170 | Lion Ave, E | 35,946 | 2022 | 0.16 mi |
| State Rte 165 | State Rte 170, E | 35,000 | 2016 | 0.16 mi |
| East Little Creek Road | Lion Ave, W | 30,795 | 2022 | 0.18 mi |
| State Rte 170 | Lion Ave, NW | 32,904 | 2022 | 0.19 mi |
| Brentwood Dr | Glade Rd, E | 1,915 | 2022 | 0.19 mi |
| State Rte 165 | Westcliff Dr, NW | 22,614 | 2022 | 0.21 mi |
| East Little Creek Road | Westcliff Dr, NW | 21,770 | 2022 | 0.21 mi |
NEARBY MAJOR RETAILERS
MAP
ADDITIONAL PHOTOS
Building Photo