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Victory Center 201 N Victory Dr 600 - 5,150 SF of Retail Space Available in Mankato, MN 56001
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 271 | 2,500 SF | Negotiable | $13.96 CAD/SF/YR $1.16 CAD/SF/MO $34,898 CAD/YR $2,908 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 331 | 600 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste 341 | 2,050 SF | Negotiable | $13.96 CAD/SF/YR $1.16 CAD/SF/MO $28,616 CAD/YR $2,385 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 271
The most recent tenant operated a gym in the space. It features two entrances: one facing the main parking lot and one connecting to the common mall area.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
1st Floor, Ste 331
Ideal for a personal care business, this former hair salon is equipped with six wash station sinks.
- Located in-line with other retail
1st Floor, Ste 341
Previously occupied by a fitness gym, this versatile commercial space offers two convenient entrances—one through the common mall area and another with direct access to the parking lot. Ideal for health, wellness, or retail concepts looking for high visibility and flexible access.
- 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.
PROPERTY FACTS
| Total Space Available | 5,150 SF | Year Built | 1964 |
| Property Type | Retail | Parking Ratio | 2.47/1,000 SF |
| Gross Leasable Area | 88,679 SF |
| Total Space Available | 5,150 SF |
| Property Type | Retail |
| Gross Leasable Area | 88,679 SF |
| Year Built | 1964 |
| Parking Ratio | 2.47/1,000 SF |
ABOUT THE PROPERTY
Located at the high-traffic corner of Victory Drive and Madison Avenue in Mankato, MN (23,000 vehicles per day), Victory Center is anchored by well-established businesses including MGM Liquor Warehouse, River Bend Business Products, Quality Appliance, Dan’s Barbershop, and Health Cert. Victory Center offers a range of flexible suites from 600 to 4,100 SF, suitable for retail, office, wellness, fitness, and medical uses. Layouts are flexible and can be tailored to tenant needs, with options for open-concept spaces, smaller storefronts ideal for personal services, or more comprehensive build-outs. Tenants benefit from strong co-tenancy from the anchor tenants, steady foot traffic, and convenient front and rear access with shared use of a common mall area. Victory Center is a well-positioned property offers exceptional daily exposure, an established tenant mix that drives steady foot traffic, and ample parking with easy customer access.
NEARBY MAJOR RETAILERS
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Victory Center | 201 N Victory Dr
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