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2060 Sovia Dr 1,800 - 23,690 SF of Retail Space Available in Waterloo, IA 50702
HIGHLIGHTS
- Location: Surrounded by a mix of national retailers and community anchors—including UnityPoint Express Clinic, Target, CVS, and Kwik Star.
- Suite Sizes: 1,800 – 18,120 Square Feet with options to subdivide to suit a wide array of tenant needs.
- Strong Exposure: Frontage on East?San Marnan Drive in a high-profile building with monument signage available
- Abundant Parking: Ensuring ample customer accessibility.
- Use Options: Restaurant, Retail, Big-Box Retail, Service-Based, and more.
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 101-103 | 3,770 SF | Negotiable | $27.92 CAD/SF/YR $2.33 CAD/SF/MO $105,252 CAD/YR $8,771 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 106 | 1,800 SF | Negotiable | $27.92 CAD/SF/YR $2.33 CAD/SF/MO $50,253 CAD/YR $4,188 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 112-113 | 18,120 SF | Negotiable | $16.75 CAD/SF/YR $1.40 CAD/SF/MO $303,529 CAD/YR $25,294 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 101-103
- Lease rate does not include utilities, property expenses or building services
- Corner Space
- Drive Thru
1st Floor, Ste 106
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 112-113
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
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 2060 SOVIA DR, WATERLOO, IA 50702
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Carlos O'Kelly's
- Restaurant
- 17
- National
- Planet Fitness
- Fitness
- 3,172
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Carlos O'Kelly's | Restaurant | 17 | National |
| Planet Fitness | Fitness | 3,172 | International |
PROPERTY FACTS
| Total Space Available | 23,690 SF | Gross Leasable Area | 142,490 SF |
| Property Type | Retail | Total Land Area | 10.62 AC |
| Property Subtype | Restaurant | Year Built | 1976 |
| Total Space Available | 23,690 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 142,490 SF |
| Total Land Area | 10.62 AC |
| Year Built | 1976 |
ABOUT THE PROPERTY
Crossing Point Plaza is Waterloo’s premier retail and commercial destination, offering a mix of spaces for tenants of all sizes. Available suites range from 1,800 to 18,120 square feet, including small build-to-suit spaces, turnkey restaurant locations complete with full dining and kitchen facilities, and large-box retail opportunities ready to accommodate major retailers. Situated in a highly visible, heavily trafficked, strong retail corridor along East San Marnan Drive off of the I-380 / US 218 interchange. Co-tenants include: Planet Fitness, Iowa DOT, Diamond Nails, and One Vision. 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 $5.22/SF. TIA available with qualified tenants and terms.
NEARBY MAJOR RETAILERS
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2060 Sovia Dr
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