Retail Store 20,000 sf Route 11

Shopping Center for Lease
Catylist Listing ID: 30834251
Property Subtypes: Fashion/Specialty, Neighborhood Center, Regional Mall
Contiguous Space: 20,000 SF
Gross Building Area: See Agent
Gross Land Area: 240,000 SF
Lease Rate: $10 PSF (Annual)
Base Monthly Rent: $16,666
Lease Types: Undisclosed, NNN, Absolute NNN
Last Updated: 3/24/2023

Overview / Comments

PLANET FITNESS (21,600 SF) is at the South end of a 60,000 SF building, while THIS 20,000 SF VACANT CLEAR SPAN is now for lease and is located at the other (north) end of the five acre shopping center. THIS 20,000 SF RETAIL SPACE with loading dock.was operated in the past as a grocery store and more recently as a PLANET FITNESS at the other end is remodeling its 21,500 sf in preparation for opening in 2024

The shopping center has 700 square feet, 155 parking spaces in front of the 71,000 sf of retail buildings, with two entrances (one at a stop light) on busy five lane US 11 close to exit 221 of I-81 and I-64.

Occupying 14,000 sf between the two is long term tenant Super Shoes , while a clear span vacant 4,150 sf retail space is situated between Super Shoes and Planet Fitness. An, adjacent building (#1100) has 11,000 sf always fully leased over the past 33 years to seven various tenants.

Staunton, at the intersection of I-81, I-64, US Route 250, and on the Chicago-Washington railroad,, in the center of the Shenandoah Valley, was cited as one of only 12 "Distinctive Destinations" in the whole country. The town boasts 30 buildings and five historic districts individually listed on the National Register, fine hotels and restaurants , a nationally recognized year round Shakespeare playhouse.(The Blackfriars), a Woodrow Wilson Presidential Birthplace, Library and Museum, and Mary Baldwin University..

Taking advantage of its popularity, two large new motels were just built this year at exit 222off I-81.. Nearby are large universities in Harrisonburg, 25 miles on I-81 North (James Madison), and in Charlottesville, 40 miles on I-64 East over the Blue Ridge Mountains, (University of Virginia),while 35 miles south is Washington & Lee University...

Expand All Available Space

Suite: 1104 20,000 SF $10 PSF (Annual) Undisclosed,NNN,Absolute NNN
Level/Floor: 1st walk-in
Status: Pending
Space Available: 20,000 SF
Lease Rate: $10 PSF (Annual)
$16,666 (Monthly)
Lease Type: Undisclosed,NNN,Absolute NNN
Space Description: 60,000 sf building hosts (1) THIS 20,000 SF FOR LEASE (2) PLANET FITNESS 21,500 SF to open 2024 and (3) between the two, is long term tenant Super Shoes. .Highly visible, 700' + frontage, 2 entrances on busy 5-lane US 11..Next to area's largest Ford dealer,.

. This 20,000sf space now offered for lease has a 13,000 sf showroom + 7,000 sf storage space adjoinIng a loading dock. and 50 parking spaces. Staunton is at the cross roads of I-64, I-81 US 11,and US 250.. The town of Staunton hosts Mary Baldwin University,, while James Madison University, the University of ,Virginia, ,and Washington & Lee University are all within a 45 minute drive away..A new, 20 acre AMAZON warehouse is opening this year in FishersvIIle, 4 miles east of Staunton.
The town of Staunton boasts 30 buildings individually on the National Register, fine hotels and restaurants, a year round 17th century reproduction playhouse (The Blackfriars), the Woodrow Wilson Birthplace and Museum, and other tourist attractions.

Date Available: 3/1/2023
Lease Term: 60 Months
Space Type: Relet
Sublease Expiration Date: 5/31/2029
Parking Spaces 200
Tax Expenses $4,930 PSF (Annual)
CAM Expenses $2,000 PSF (Annual)
Rent Escalators Fixed Lease

Additional Details

Nearest MSA: Staunton
County: Staunton City
Submarket Type: Historic District
Tax ID/APN: 2142.000000000000000
Parking Type: Surface
Total Parking Spaces: 155
Sprinklers: None
Lot Frontage: 700'
Lot Depth: 350'
Water Service: Municipal
Sewer Type: 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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