Retail space/Barracks Road-Millmont area
Retail-Commercial
for Lease
| Catylist Listing ID: |
30732930 |
| Property Subtypes: |
Mixed Use, Other
|
| Contiguous Space: |
1,543 SF |
| Building Size (RSF): |
20,837 SF |
| Gross Land Area: |
2.10 Acres
|
| Lease Rate: |
$26 - 29 PSF (Annual)
|
| Base Monthly Rent: |
$3,343 - 3,728 |
| Lease Types: |
NNN |
| Building Name: |
The Millmont Shops |
| Usable Size (USF): |
20,837 SF |
| Last Updated: |
3/3/2023 |
Overview / Comments
|
The Millmont Shops is located adjacent to the Barracks Road Shopping Center and .25 mile from the University of Virginia North Grounds area that includes the Darden Graduate Business School(MBA program), Law & JAG schools. Additionally it is located approximately 1.5 miles from the Central Grounds of the University of Virginia. The overall center size is 20,837 sq. ft. for which we currently have space available ranging in size from 1,400 sq. ft. to 3,000 sq. ft. The Center has a total of 132 parking spaces.
|
| Level/Floor: |
1 |
| Space Available: |
1,543 SF |
| Lease Rate: |
$26 - 29 PSF (Annual)
$3,343 - 3,728 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
The space available for lease is between 1,400-3,000 square feet. We have flexible options to fit your needs. End cap space is available. |
| Space Subcategory: |
Strip Center, Neighborhood Center |
| Date Available: |
7/1/2021 |
| Space Type: |
Relet |
| Parking Spaces |
132 |
| Tax Expenses |
$2.50 PSF (Annual) |
| CAM Expenses |
$2 PSF (Annual) |
| Rent Escalators |
Other |
| Rent Escalators Description |
Base rent escalation typically increases on an annual fixed percentage rate. Real estate taxes, insurance and common area shared expenses are direct pass through costs and increases are determined by the providers. |
| Rent Concession |
These are negotiated based on the terms of the lease. |
Additional Details
| Nearest MSA: |
Charlottesville |
| County: |
Charlottesville City |
| Tax ID/APN: |
15071.000000000000000 |
| Retail Clientele: |
General, Family, Tourist, Other |
| Property Located Between: |
Near the intersection of Arlington Blvd. and Millmont Street. |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Emmet Street (U.S. 29 Business) |
| Highway Access: |
Approximately .25 mile from Business U.S. 29 (Emmet St.) & approximately .5 miles from U.S. 29 & U.S. 250 By-Pass. |
| Airports: |
Charlottesville/Albemarle Airport(CHO): 8 miles. |
| Site Description: |
The Millmont Shops are adjacent to the Barracks Road Shopping Center which is the largest and most successful shopping center in the Charlottesville/Albemarle area as well as the University of Virginia North Grounds campus. Convenient walking along with public & University transportation make it easy for customers to access the site. |
| Area Description: |
The surrounding area is comprised of retail/commercial, multi-family housing and higher education (University of Virginia). |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
2 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
2,000 SF |
| Property Condition: |
Excellent |
| Year Built: |
1995 |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick |
| Exterior Description: |
Brick & block structures with dryvit & column accents, Attractive mature landscaping. |
| Total Parking Spaces: |
132 |
| Parking Ratio: |
6 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
The site has a total of 132 spaces. There is no additional income from parking. |
| Sprinklers: |
None |
| Heat Type: |
Electricity, Other |
| Heat Source: |
Heat Pump |
| Air Conditioning: |
Other |
| Internet Access: |
Cable, DSL, Other |
| Interior Description: |
Tenants have the ability to modify their space to fit the needs of their business operations. |
| Zoning Description: |
Zoning is commercial that allows for retail, food, office and other business opterations. |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Electric Lines, Utilities, Other |
| Easements Description: |
Utility easements. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
14,087 |
76,160 |
97,235 |
| Median Age: |
29.32 |
32.82 |
34.22 |
| Households: |
5,382 |
30,156 |
38,313 |
|
© Copyright 2001-2023 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Charlottesville Area Association of REALTORS nor
Moody's assume any liability for errors or omissions.
|
