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Rite Aid 7601 Granby St
12,154 SF of Retail Space Available in Norfolk, VA 23505
Highlights
- High visibility location situated on a hard corner at the signalized intersection of Granby Street (Rt. 460) and W. Little Creek Road (Rt. 165)
- Ingress/egress on both Routes 460 and 165
- Next to Wards Corner, Wards Corner Shoppes and catty corner from K&K Square (Harris Teeter)
- Ample on-site parking (50+ surface spaces)
- Easy access to I-64 and I-564
- Minutes from Norfolk’s Naval Station/Terminals, as well as the Norfolk International Airport
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 12,154 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Rental Rate: $185,000/YR., NNN 12,154 SF ± freestanding retail (former Rite Aid) situated on 1.06 Ac ±
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Ample on-site parking (50+ surface spaces)
- Ingress/egress on both Routes 460 and 165
- High visibility location situated on a hard corner
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 7601 Granby St , Norfolk, VA 23505
| Property Type | Retail | Total Land Area | 1.06 AC |
| Property Subtype | Freestanding | Year Built | 2001 |
| Gross Leasable Area | 12,154 SF | Parking Ratio | 4.11/1,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 12,154 SF |
| Total Land Area | 1.06 AC |
| Year Built | 2001 |
| Parking Ratio | 4.11/1,000 SF |
About the Property
Located at 7601 Granby Street, Norfolk, Virginia 23505, this 12,154 SF ± freestanding retail space, formerly a Rite Aid, is available for lease. The property is situated on a 1.06-acre lot at a prime, high-visibility location on a hard corner at the signalized intersection of Granby Street (Rt. 460) and W. Little Creek Road (Rt. 165). It features ample on-site parking with over 50 surface spaces and offers convenient ingress/egress on both Routes 460 and 165. The site provides easy access to major highways I-64 and I-564. This retail space is adjacent to Wards Corner, Wards Corner Shoppes, and is catty-corner to K&K Square, which includes a Harris Teeter. Additionally, it is just minutes away from Norfolk’s Naval Station/Terminals and the Norfolk International Airport, making it an ideal location for a variety of retail businesses.
Nearby Major Retailers
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Rite Aid | 7601 Granby St
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