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1505-1527 E San Marnan Dr 1,450 SF of Retail Space Available in Waterloo, IA 50702
HIGHLIGHTS
- 1,450 SF
- Located Near Many Other Major Tenants
- 10,300 ADT
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1519 | 1,450 SF | Negotiable | $33.30 CAD/SF/YR $2.77 CAD/SF/MO $48,282 CAD/YR $4,023 CAD/MO | Net |
1503-1527 E San Marnan Dr - 1st Floor - Ste 1519
- Lease rate does not include certain property expenses
- 1,450 SF
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 1505-1527 E SAN MARNAN DR, WATERLOO, IA 50702
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Advance America
- Check Cash/Quick Loans
- 1,957
- National
- Boost Mobile
- Wireless Communications
- 4,485
- International
- Hair Biz
- Salon/Barber/Spa
- 1
- -
- Jimmy John's
- Sub Sandwich
- 3,210
- International
- Panda Express
- Fast-food
- 2,731
- International
- Stanton Optical
- Optical
- 204
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Advance America | Check Cash/Quick Loans | 1,957 | National |
| Boost Mobile | Wireless Communications | 4,485 | International |
| Hair Biz | Salon/Barber/Spa | 1 | - |
| Jimmy John's | Sub Sandwich | 3,210 | International |
| Panda Express | Fast-food | 2,731 | International |
| Stanton Optical | Optical | 204 | National |
PROPERTY FACTS
| Total Space Available | 1,450 SF | Gross Leasable Area | 13,288 SF |
| Center Type | Strip Center | Total Land Area | 1.09 AC |
| Center Properties | 1 | Year Built | 1983 |
| Total Space Available | 1,450 SF |
| Center Type | Strip Center |
| Center Properties | 1 |
| Gross Leasable Area | 13,288 SF |
| Total Land Area | 1.09 AC |
| Year Built | 1983 |
ABOUT THE PROPERTY
1,450 square feet of office/retail space located in a strong retail corridor in Waterloo. Situated in a highly visible, heavily trafficked area along East San Marnan Drive off of the I-380 / US 218 interchange. Space includes a waiting area, an opportunity for multiple offices, and a flex break area. Co-tenants include: Jimmy Johns, Stanton Optical, Panda Express, GNC, and more. Surrounded by an abundance of national tenants, a large parking area, and anchored by prominent retailers such as Target, Kwik Star, and CVS. Estimated NNN Expenses $7.96/SF.
NEARBY MAJOR RETAILERS
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1505-1527 E San Marnan Dr
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