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College Square 744-766 N Lee Hwy
16,000 - 81,000 SF of Space Available in Lexington, VA 24450
HIGHLIGHTS
- Ideally located on Route 11 between I-64 and Lexington.
- Less than one mile from Virginia Horse Center attracting 575,000 visitors per year.
- LED Parking Lot Lighting
- Minutes from Downtown Lexington, Washington and Lee University and VMI.
- Ample parking spread throughout the center for shoppers.
SPACE AVAILABILITY (2)
Display Rent as
- SPACE
- SIZE
- TERM
- RENT
- SERVICE TYPE
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 16,000-56,000 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application | Triple Net | ||
| 1st Floor, Ste 770 | 25,000 SF | Negotiable | £5.17 /SF/PA £0.43 /SF/MO £129,235 /PA £10,770 /MO | Triple Net |
N Lee Hwy - 1st Floor
Unique opportunity to develop 1-2 buildings ranging from 16,000 to 56,000 SF on a prime site, with construction set for 2025. The concept plan includes two separate buildings, offering flexibility to meet your business needs. Located in an excellent area, this site is ideal for businesses seeking a customizable space in a strategic location.
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
- Build To Suit
744-766 N Lee Hwy - 1st Floor - Ste 770
Stand along building at center. Parking and entrances on both sides of building.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Mostly Open Floor Plan Layout
- Fits 63 - 200 People
- Central Air and Heating
- Great Opportunity
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 agent 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.
SITE PLAN
SELECT TENANTS AT COLLEGE SQUARE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- DaVita Kidney Care
- MD/DDS
- 3,611
- International
- Oil Exchange & Lube of Lexington
- Auto Maintenance/Oil Change
- 2
- Local
- Pace Analytical Service Inc
- Other Services
- 169
- National
- Sherwin-Williams Paint Store
- Paint/Wallpaper
- 5,678
- International
- Tractor Supply
- Retailer
- -
- -
- YMCA
- Service type
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| DaVita Kidney Care | MD/DDS | 3,611 | International |
| Oil Exchange & Lube of Lexington | Auto Maintenance/Oil Change | 2 | Local |
| Pace Analytical Service Inc | Other Services | 169 | National |
| Sherwin-Williams Paint Store | Paint/Wallpaper | 5,678 | International |
| Tractor Supply | Retailer | - | - |
| YMCA | Service type | - | - |
PROPERTY FACTS FOR 744-766 N LEE HWY , LEXINGTON, VA 24450
| Total Space Available | 81,000 SF | Centre Properties | 2 |
| Min. Divisible | 16,000 SF | Gross Leasable Area | 144,541 SF |
| Centre Type | Neighborhood Center | Total Land Area | 16.00 AC |
| Parking | 563 Spaces | Year Built | 1975 |
| Stores | 16 | Cross Streets | US 11 N & I-64 |
| Total Space Available | 81,000 SF |
| Min. Divisible | 16,000 SF |
| Centre Type | Neighborhood Center |
| Parking | 563 Spaces |
| Stores | 16 |
| Centre Properties | 2 |
| Gross Leasable Area | 144,541 SF |
| Total Land Area | 16.00 AC |
| Year Built | 1975 |
| Cross Streets | US 11 N & I-64 |
ABOUT THE PROPERTY
College Square is located on Route 11 between I-64 and Downtown Lexington providing high visibility to all tenants. Starbucks will be coming to our center in Fall 2023! Our other anchor Tenants include Tractor Supply, YMCA, and Sherwin Williams. The Virginia Horse Center has 575,000 visitors per year - less than a mile from the center bringing out of town guests to businesses within the center year-round.
- Pylon Sign
NEARBY MAJOR RETAILERS
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College Square | 744-766 N Lee Hwy
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