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500 Cedar Rd
1,200 - 14,700 SF of Office/Retail Space Available in Chesapeake, VA 23322
Highlights
- Signalized intersection on Cedar Road and Albemarle Drive
- Large population base within 5 miles with above average annual incomes
- Ample surface parking - 7.6 spaces per 1,000 SF
- Less than 0.5 miles from the Chesapeake Municipal Center
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,200-8,400 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor | 1,200-6,300 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable |
500-504 Cedar Rd - 1st Floor
500-504 Cedar Rd - 1st Floor
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 500 Cedar Rd , Chesapeake, VA 23322
| Min. Divisible | 1,200 SF | Center Properties | 2 |
| Center Type | Strip Center | Gross Leasable Area | 14,700 SF |
| Stores | 2 |
| Min. Divisible | 1,200 SF |
| Center Type | Strip Center |
| Stores | 2 |
| Center Properties | 2 |
| Gross Leasable Area | 14,700 SF |
About the Property
• New retail/office development located at a signalized intersection on Cedar Road & Albemarle Drive with over 26K VPD! • Units starting at ±1,200! New redevelopment plan includes two (2) buildings - Building 1 contains 8,400 SF & Building 2 contains 6,360 SF • Ample Parking - 7.6 spaces per 1,000 SF • Less than 0.5 miles to the Chesapeake Municipal Center in the highly desirable Cedar Road corridor • Current site has an ATM machine with drive-thru lanes • High population, households & income
-
Kristen Huber -
Parker Burnell Real Estate Group, LLC
Presented by
500 Cedar Rd
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