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2700 Hennepin Ave 1,323 - 4,025 SF of Retail Space Available in Minneapolis, MN 55408
HIGHLIGHTS
- Heavy Traffic on Hennepin Avenue in dense residential area
- Private shared parking onsite
- Second Gen restaurant and bar - furniture and existing equipment included
- 4,025 SF endcap space - divisible into two retail spaces
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,323-4,025 SF | Negotiable | $54.44 CAD/SF/YR $4.54 CAD/SF/MO $219,125 CAD/YR $18,260 CAD/MO | Full Service |
1st Floor
Fully fixtured restaurant space New construction (2014) second generation full-service restaurant and bar (former Giordano’s Pizza) Two-tenant retail building located in the vibrant Kenwood neighborhood of Minneapolis located at the corner of Hennepin Avenue S & 27th Street W 4,025 RSF end-cap space available for lease (divisible) Competitive lease rate and terms Strong retail co-tenant: Bank of America Lease includes all existing equipment and furniture (equipment list available upon request) Private, shared parking lot with 20 parking stalls surrounding the building Huge windows/natural light and several entrances Nearby businesses include: Walgreens, Red Cow, Uptown Diner, Stilo Cuts Barbershop, Frattallone’s Hardware and UPS Store
- Rate includes utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- 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.
PROPERTY FACTS
| Total Space Available | 4,025 SF | Gross Leasable Area | 6,500 SF |
| Min. Divisible | 1,323 SF | Year Built | 2014 |
| Property Type | Retail | Parking Ratio | 1.54/1,000 SF |
| Property Subtype | Freestanding |
| Total Space Available | 4,025 SF |
| Min. Divisible | 1,323 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 6,500 SF |
| Year Built | 2014 |
| Parking Ratio | 1.54/1,000 SF |
ABOUT THE PROPERTY
Located in the vibrant Kenwood neighborhood of Minneapolis, this high profile, 4,025 SF endcap restaurant space is now available at the busy intersection of Hennepin Avenue South and 27th Street West. This new construction (2014) two-tenant retail building is located in the heart of a dense residential neighborhood and high-traffic retail corridor. The only co-tenant is Bank of America, featuring a drive-thru banking lane. The second generation restaurant and bar space boasts a private/shared parking lot, easy access, existing restaurant and bar equipment and lots of natural light. Call to set up a tour!
- Bus Line
- Signalized Intersection
NEARBY MAJOR RETAILERS
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2700 Hennepin Ave
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