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Lake Lorraine Retail 2320 S Marion Rd 5,661 SF of Retail Space Available in Sioux Falls, SD 57106
SUBLEASE HIGHLIGHTS
- Signage opportunities include prominent monument and building signage
- Lake Lorraine is anchored by HomeGoods & Marshalls, DSW, Kirkland’s, Dave and Busters, Anytime Fitness, Dairy Queen, Hyatt Place, and more
- Future plans for a park near Dave and Busters
- 59 shared surface parking stalls
- Lake Lorraine has attracted 3.3 million visits in the last 12 months
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 140 | 5,661 SF | Nov 2027 | $25.82 CAD/SF/YR $2.15 CAD/SF/MO $146,193 CAD/YR $12,183 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 140
Floor plan provides a large open showroom, storage space with double-doors, conference room, two executive offices, restrooms, and a storage closet. Storage space has industrial pallet racking shelves. Large windows provide natural lighting throughout the showroom. Contact Broker for availability.
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
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 LAKE LORRAINE RETAIL
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Anytime Fitness
- Fitness
- 3,103
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Anytime Fitness | Fitness | 3,103 | International |
PROPERTY FACTS
| Total Space Available | 5,661 SF | Gross Leasable Area | 9,838 SF |
| Property Type | Retail | Year Built | 2014 |
| Property Subtype | Health Club |
| Total Space Available | 5,661 SF |
| Property Type | Retail |
| Property Subtype | Health Club |
| Gross Leasable Area | 9,838 SF |
| Year Built | 2014 |
ABOUT THE PROPERTY
Set along Marion Road within Lake Lorraine’s 130-acre mixed-use district, the site benefits from national retail anchors and convenient access to I-29 and West 26th Street. Lake Lorraine attracts shoppers from across the Sioux Falls metro with anchors HomeGoods & Marshalls, DSW, Hobby Lobby and Anytime Fitness. The development’s lakeside trail, dining options, and planned park amenities contribute to a strong year-round draw. Lake Lorraine is just across the interstate from the Meadows on the River development.
NEARBY MAJOR RETAILERS
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Lake Lorraine Retail | 2320 S Marion Rd
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