4,160 sf retail, center of 60,000 sf fully leased building

Shopping Center for Lease
Catylist Listing ID: 30824955
Property Subtypes: Neighborhood Center
Contiguous Space: 4,160 SF
Building Size (RSF): 4,150 SF
Gross Land Area: 5.20 Acres
Lease Rate: $12 PSF (Annual)
Base Monthly Rent: $4,160
Lease Types: NNN, Absolute NNN
Ceiling: 18 ft.
Building Name: Dogwood Square
Usable Size (USF): 4,150 SF
Last Updated: 3/24/2023

Overview / Comments

THIS VACANT 4,160 sf is next door to PLANET FITNESS, which has signed a lease for 21,600 sf, will open in 2024. in a highly visible, accessible building (new rubber roof) ,on large parking lot with long frontage on busy five lane US 11,– two entrances ,one at stop light with a left turn lane.
The 60,000 main bldg has .(1) this 4,150 sf vacant space (2) an adjoining 21,600 sf space now leased to PLANET FITNESS, and (3) (also adjoining on the north) a 14,000 sf long term lessor Super Shoe (a Warren Buffet company).. The area's largest Ford dealer adjoins to the south and a new CVS drug store is situated across the 5-lane street (US 11).

Staunton, at the intersection of I-81, I-64, US 11, and US 250, and the Washington to Chicago railroad, in the center of the Shenandoah Valley, was cited as one of only "Twelve Distinctive Destinations" in the entire USA. The town boasts over 30 buildings individually on the National Register.

Nearby are Washington & Lee University (35 miles south on I-81)), University of Virginia (40 miles east on I-64). Mary Baldwin University (Staunton) and James Madison University (25 miles north on I-81)

Expand All Available Space

Suite: 1106 B, Greenville Ave, 5-lane US11, Staunton, VA 24401 4,160 SF $12 PSF (Annual) NNN,Absolute NNN
Level/Floor: First floor (ground level)
Space Available: 4,160 SF
Lease Rate: $12 PSF (Annual)
$4,160 (Monthly)
Lease Type: NNN,Absolute NNN
Space Description: Prize location, between new Planet Fitness 21,600 sf (open November 2023) and long established Super Shoes. Center of fully leased shopping center, 5 acres, with two entrances (one at stoplight) on busy 5-lane US 11 Business.
Great parking at the double door entrance.. Cooperation percentage: 3%. Co-owner-manager is a licensed real estate broker
Date Available: 4/1/2023
Lease Term: 60 Months
Space Type: Relet
Kitchen Yes
Parking Spaces 40
Tax Expenses $1,200 PSF (Annual)
Rent Escalators Description 3% per year See Kit Collins, mgr-owner, anytime at 540 448 3718 to see and discuss.
Rent Concession First two months free

Additional Details

Nearest MSA: Staunton
County: Staunton City
Tax ID/APN: 2140.000000000000000
Zoning: B-2
Retail Clientele: Business, Traveler, Tourist, Recreation
Property Located Between: On west side of US Rt 11, adjoining Super Shoes and an antique car dealer..
Largest Nearby Street: Greenville Ave (US 11 5-lane) Staunton, VA
Feet of Frontage: 700
Highway Access: 700' frontage on 5-lane US 11.
Airports: Shenandoah Regional
Site Description: Level, slightly sloped from buildings down to frontage on US 11..The land behind is a hill.
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Excellent
Year Built: 1966
Roof Type: Flat
Construction/Siding: Concrete
Parking Type: Surface
Parking Description: Share 155 spaces. Never in 33 years have been more than 120 spaces occupied., fully occupied 98% of the time.
Total Parking Spaces: 155
Sprinklers: None
Heat Source: Heat Pump
Air Conditioning: Evaporative Cooler
Zoning Description: General Business
Sewer Type: Municipal, Storm
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,706 21,206 40,820
Median Age: 42.77 40.74 41.59
Households: 1,599 9,310 17,117


Photograph of Listing Agent

Christopher (Kit) Collins

Christopher Collins, Inc. CVCMLS Member
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