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215 E Donald St 3,081 SF of Retail Space Available in Waterloo, IA 50703
HIGHLIGHTS
- Modern Build: Contemporary design and mechanical systems minimize renovation needs and support efficient operations.
- Location: Surrounded by a mix of national retailers and community anchors—including UnityPoint Health Clinic, The Union’s 180-unit apartment complex,
- Strong Exposure: Frontage on East?Donald Street ensures high visibility to both local and passing traffic. Excellent signage potential on building and
- Drive-Thru Configuration: Built for fast-food or quick-service tenants, with drive-thru lanes and dedicated entry/exit points.
- Abundant Parking: Approximately 40 stalls, ensuring ample customer accessibility.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,081 SF | Negotiable | $48.86 CAD/SF/YR $4.07 CAD/SF/MO $150,529 CAD/YR $12,544 CAD/MO | Triple Net (NNN) |
1st Floor
- 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 | 3,081 SF | Gross Leasable Area | 3,081 SF |
| Property Type | Retail | Year Built | 2020 |
| Property Subtype | Fast Food | Parking Ratio | 12.98/1,000 SF |
| Total Space Available | 3,081 SF |
| Property Type | Retail |
| Property Subtype | Fast Food |
| Gross Leasable Area | 3,081 SF |
| Year Built | 2020 |
| Parking Ratio | 12.98/1,000 SF |
ABOUT THE PROPERTY
Free-standing restaurant/retail space situated on a 1.05 acre lot offering approximately 3,081 square feet. Situated in a highly visible, heavily trafficked area along HWY 63. The property includes a drive-thru, with ample parking, dedicated entry/exit points, and easy access making it ideal for quick-service restaurants and high-volume retail. Surrounded by a mix of national retailers and community anchors - including UnityPoint Health Clinic, The Union’s 180-unit apartment complex, Walgreens, and Kwik Star - this site offers a prime opportunity for operators seeking visibility, and accessibility in a high-demand area.
- Drive Thru
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215 E Donald St
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