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1540 General Booth Blvd
5,055 SF of Retail Space Available in Virginia Beach, VA 23454
Highlights
- 46,747 VPD on General Booth Blvd.
- Potential to add a drive-thru to building.
- 14,984 VPD on Dam Neck Road.
- Situated between Chic-fil-A and 7Eleven.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,055 SF | Negotiable | $30.00 /SF/YR $2.50 /SF/MO $322.92 /m²/YR $26.91 /m²/MO $12,638 /MO $151,650 /YR | Net |
1st Floor
Former IHOP restaurant available for lease on General Booth Boulevard just north of the heavily traveled intersection at Dam Neck Road. There is strong daytime population nearby as it is conveniently located between Oceana Naval Air Station which is approximately two miles to the northwest and Dam Neck Naval Station located approximately two miles to the east. Directly behind the property is a proposed 65 acre mixed use project known as The Farm.
- Lease rate does not include certain property expenses
- Fully Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
- Space In Need of Renovation
- 69 parking spaces.
- Pole sign at main entrance.
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 1540 General Booth Blvd, Virginia Beach, VA 23454
- Tenant
- Description
- US Locations
- Reach
- Chick-fil-A
- Accommodation and Food Services
- -
- -
| Tenant | Description | US Locations | Reach |
| Chick-fil-A | Accommodation and Food Services | - | - |
PROPERTY FACTS FOR 1540 General Booth Blvd , Virginia Beach, VA 23454
| Property Type | Retail | Year Built | 2000 |
| Property Subtype | Restaurant | Parking Ratio | 12.66/1,000 SF |
| Gross Leasable Area | 5,055 SF | Cross Streets | none |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 5,055 SF |
| Year Built | 2000 |
| Parking Ratio | 12.66/1,000 SF |
| Cross Streets | none |
About the Property
A 5,055 square foot former IHOP situated on .99 of an acre outparcel on General Booth Blvd just north of Dam Neck Road in front of a future mixed use development known as The Farm.
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
Nearby Major Retailers
-
Levi Thomson -
Divaris Real Estate, Inc.
Presented by
1540 General Booth Blvd
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