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FOR SUBLEASE : 41st Street Marketplace 1431 W 41st St 34,400 SF of Retail Space Available in Sioux Falls, SD 57105
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1431 | 34,400 SF | Negotiable | $7.68 CAD/SF/YR $0.64 CAD/SF/MO $264,108 CAD/YR $22,009 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 1431
Costco-Anchored Power Center Prime retail location on West 41st Street, the #1 retail corridor in SD! Costco-Anchored Power Center with convenient access to Interstate 229 and Interstate 29. The site is situated between two signalized intersections, nine access points, and includes approximately 447 parking stalls. Size: 34,400 sqft Price: Inline: $5.50/sqft (NNN) – Contact Broker for full rent schedule* Estimated NNN: $3.22/sqft Sublease: The current lease term runs through 5/31/33. The landlord is open to a direct lease with new terms. Traffic: 20,800 vpd Area Tenants: Costco, Urban Air, AT HOME, Scheel’s, Planet Fitness, Office Depot, Party America, Best Buy, Taco Bell, Empire Mall (Simon)
- Lease rate does not include utilities, property expenses or building services
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 broker 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.
SELECT TENANTS AT FOR SUBLEASE : 41ST STREET MARKETPLACE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Office Depot
- Office Supply
- 895
- International
- Panchero's Mexican Grill
- Restaurant
- 105
- National
- Party America
- Other Retail
- 1
- Local
- Planet Fitness
- Fitness
- 3,172
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Office Depot | Office Supply | 895 | International |
| Panchero's Mexican Grill | Restaurant | 105 | National |
| Party America | Other Retail | 1 | Local |
| Planet Fitness | Fitness | 3,172 | International |
PROPERTY FACTS
| Total Space Available | 34,400 SF | Gross Leasable Area | 169,699 SF |
| Property Type | Retail | Year Built | 1993 |
| Total Space Available | 34,400 SF |
| Property Type | Retail |
| Gross Leasable Area | 169,699 SF |
| Year Built | 1993 |
NEARBY MAJOR RETAILERS
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FOR SUBLEASE : 41st Street Marketplace | 1431 W 41st St
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