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University Shoppes 5660 Indian River Rd
1,100 SF of Retail Space Available in Virginia Beach, VA 23464
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 123 | 1,100 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
5660 Indian River Rd - 1st Floor - Ste 123
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
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 University Shoppes
- Tenant
- Description
- US Locations
- Reach
- 7-Eleven
- Convenience Market
- 11,245
- International
- Cook Out
- Restaurant
- 399
- National
- Sentara Therapy Center-Indian River
- MD/DDS
- 109
- Regional
- State Farm
- Insurance
- 25,100
- International
- The YMCA
- Fitness
- 4,560
- International
- Waffle House
- Restaurant
- 2,329
- National
| Tenant | Description | US Locations | Reach |
| 7-Eleven | Convenience Market | 11,245 | International |
| Cook Out | Restaurant | 399 | National |
| Sentara Therapy Center-Indian River | MD/DDS | 109 | Regional |
| State Farm | Insurance | 25,100 | International |
| The YMCA | Fitness | 4,560 | International |
| Waffle House | Restaurant | 2,329 | National |
PROPERTY FACTS FOR 5660 Indian River Rd , Virginia Beach, VA 23464
| Center Type | Neighborhood Center | Gross Leasable Area | 60,824 SF |
| Parking | 360 Spaces | Total Land Area | 8.48 AC |
| Center Properties | 5 | Year Built | 1987 |
| Frontage | 628’ on Indian River | Cross Streets | Strickland Blvd |
| Center Type | Neighborhood Center |
| Parking | 360 Spaces |
| Center Properties | 5 |
| Frontage | 628’ on Indian River |
| Gross Leasable Area | 60,824 SF |
| Total Land Area | 8.48 AC |
| Year Built | 1987 |
| Cross Streets | Strickland Blvd |
About the Property
University Shoppes is conveniently located on Indian River Road by the I-64 interchange directly across from Regent University and The Founders Inn. Over 312,000 potential customers reside within a 5-mile radius. Benefit from high traffic counts of over 81,000 cars a day.
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Signalized Intersection
- Tenant Controlled HVAC
Nearby Major Retailers
Presented by
University Shoppes | 5660 Indian River Rd
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