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Red Lobster 370 Mall Dr
5,498 SF of Retail Space Available in Danville, VA 24540
Sublease Highlights
- Join Belk, Dunham Sports, Aspen Dental, Starbucks, Chipotle, and Outback Steakhouse on site.
- Full access from signalized intersection at Lowes Drive and Piedmont Drive.
- Nearby major retailers include Hobby Lobby, Walmart, Lowe’s, Target, Home Depot, and more.
- Less than 2 miles from the brand new Caesar’s Casino opening in 2024.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,498 SF | Jul 2040 | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor
5,560 S.F. former Red Lobster available for sublease at Danville Mall, which draws over 2 million visits annually Join Belk, Dunham Sports, Aspen Dental, Starbucks, Chipotle, and Outback Steakhouse on site in addition to nearby major retailers Hobby Lobby, Walmart, Lowe’s, Target, Home Depot, and more. Initial term is through July 31, 2040, but is negoiable. Full access from signalized intersection at Lowes Drive and Piedmont Drive Located less than 2 miles from the brand new, $650M Caesar’s Casino opening in 2024
- Sublease space available from current tenant
- Fully Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
- Space is in Excellent Condition
- Former Red Lobster.
- Located at Danville Mall.
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 FOR 370 Mall Dr , Danville, VA 24540
| Property Type | Retail | Year Built | 1995 |
| Property Subtype | Restaurant | Parking Ratio | 7.27/1,000 SF |
| Gross Leasable Area | 5,498 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 5,498 SF |
| Year Built | 1995 |
| Parking Ratio | 7.27/1,000 SF |
About the Property
5,560 S.F. former Red Lobster available for lease at Danville Mall, which draws over 2 million visits annually Join Belk, Dunham Sports, Aspen Dental, Starbucks, Chipotle, and Outback Steakhouse on site in addition to nearby major retailers Hobby Lobby, Walmart, Lowe’s, Target, Home Depot, and more. Full access from signalized intersection at Lowes Drive and Piedmont Drive Located less than 2 miles from the brand new, $650M Caesar’s Casino opening in 2024
Nearby Major Retailers
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Spotty Robins -
JLL
Presented by
Red Lobster | 370 Mall Dr
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