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Waconia Square 236 1st St W 539 - 1,388 SF of Office Space Available in Waconia, MN 55387
HIGHLIGHTS
- Neighborhood center located in the heart of downtown Waconia only one block from scenic Lake Waconia
- Strong demographics including nearly $120K average HH income within 5 miles
- Strong local ownership; negotiable TIs
- Available spaces range from ±539 - 849 SF of office space
- Great tenant mix including Waconia Brewing Company, Dominos, T-Mobile, and many more
- Large surface lot available to all tenants with a 4.68 stalls per 1,000 SF ratio
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor, Ste 240 | 849 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 2nd Floor, Ste 250 | 539 SF | Negotiable | $11.17 CAD/SF/YR $0.93 CAD/SF/MO $6,019 CAD/YR $501.60 CAD/MO | Triple Net (NNN) |
236 1st St W - 2nd Floor - Ste 240
236 1st St W - 2nd Floor - Ste 250
- Lease rate does not include utilities, property expenses or building services
- 2 Private Offices
- 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 WACONIA SQUARE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- 1st Nails
- Salon/Barber/Spa
- 1
- Local
- Domino’s
- Pizza
- 9,065
- International
- Securus
- -
- 1
- -
- T-Mobile
- Wireless Communications
- 8,822
- International
- Trucker Logistics LLC
- Other Services
- 1
- Local
- Waconia Brewing Company
- Drinks/Juices
- 1
- Local
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| 1st Nails | Salon/Barber/Spa | 1 | Local |
| Domino’s | Pizza | 9,065 | International |
| Securus | - | 1 | - |
| T-Mobile | Wireless Communications | 8,822 | International |
| Trucker Logistics LLC | Other Services | 1 | Local |
| Waconia Brewing Company | Drinks/Juices | 1 | Local |
PROPERTY FACTS
| Total Space Available | 1,388 SF | Frontage | |
| Center Type | Neighborhood Center | Gross Leasable Area | 38,412 SF |
| Parking | 183 Spaces | Total Land Area | 0.92 AC |
| Stores | 9 | Year Built | 1980 |
| Center Properties | 1 |
| Total Space Available | 1,388 SF |
| Center Type | Neighborhood Center |
| Parking | 183 Spaces |
| Stores | 9 |
| Center Properties | 1 |
| Frontage | |
| Gross Leasable Area | 38,412 SF |
| Total Land Area | 0.92 AC |
| Year Built | 1980 |
ABOUT THE PROPERTY
SVN | Northco is pleased to present for lease Waconia Square, a ±38,412 SF neighborhood center in charming downtown Waconia, MN. Waconia is an affluent and growing western suburb in the Minneapolis-Saint Paul metropolitan area. The center has a fantastic tenant mix of local and regional tenants, and contains both retail and office suites. The community is located just 30 miles west of downtown Minneapolis, and it is only 10 miles from the town of Victoria and famous Lake Minnetonka. The submarkets bordering Waconia to the east are some of the wealthiest in the State of Minnesota, and also contain some of the most desirable communities in the metropolitan area in which to live. Waconia Square is located in the charming downtown area on Main Street, only one block from Lake Waconia. This is a scenic lake containing an island that is very popular for a variety of recreational activities. Minneapolis-Saint Paul is currently the 16th largest MSA in the United States with nearly 3,700,000 residents.
- Corner Lot
- Restaurant
- Security System
- Tenant Controlled HVAC
- Air Conditioning
NEARBY MAJOR RETAILERS
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Waconia Square | 236 1st St W
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