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Building B 4002 S Washington St 4,000 SF of Retail Space Available in Grand Forks, ND 58201
HIGHLIGHTS
- Brand new prime retail space
- Located near popular retailers such as McDonalds and Starbucks
- Businesses in the Grove include: Little Bangkok, Palm Beach Tan, My Salon Suite, Amish Furniture Gallery & Tropical Smoothie Cafe
- Hottest area for redevelopment in the metro
- Surrounded by lots of new housing
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 209/210 | 4,000 SF | Negotiable | $27.92 CAD/SF/YR $2.33 CAD/SF/MO $111,674 CAD/YR $9,306 CAD/MO | Modified Gross |
1st Floor, Ste 209/210
Brand new prime retail space in Grand Forks!
- Listed rate may not include certain utilities, building services and property expenses
- Located in-line with other retail
- Located between Little Bangkok and Palm Beach Tan
- 200 amp panel
- 5 ton RTU
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 | 4,000 SF | Total Land Area | 2.98 AC |
| Property Type | Retail | Year Built | 2023 |
| Gross Leasable Area | 15,600 SF |
| Total Space Available | 4,000 SF |
| Property Type | Retail |
| Gross Leasable Area | 15,600 SF |
| Total Land Area | 2.98 AC |
| Year Built | 2023 |
ABOUT THE PROPERTY
Brand new prime retail space is now for lease in The Grove retail center in Grand Forks! Located on the corner of South Washington St and 40th Ave S, this is the hottest area for development in the metro. Look no further than across the street to find a new McDonald’s, new Starbuck’s a few blocks to the south, and tons of new housing surrounding the area. The Grove is filling up fast with popular shops and restaurants. This is the perfect home for your new business. Check it out today so you don’t miss out!
NEARBY MAJOR RETAILERS
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Building B | 4002 S Washington St
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