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.

Expand All Available Space

Suite: 1059 1,543 SF $26 - 29 PSF (Annual) NNN
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.

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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


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