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Sunnyside Center 5005-5011 University Ave NE 1,320 SF of Retail Space Available in Columbia Heights, MN 55421
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 5001 | 1,320 SF | Negotiable | $24.62 CAD/SF/YR $2.05 CAD/SF/MO $32,495 CAD/YR $2,708 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 5001
1,320 SF end-cap retail space for lease. Prior use was a tattoo shop. THC dispensary opening in the building soon.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail 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 | 1,320 SF | Gross Leasable Area | 10,582 SF |
| Property Type | Retail | Year Built | 1959 |
| Property Subtype | Storefront | Parking Ratio | 2.65/1,000 SF |
| Total Space Available | 1,320 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 10,582 SF |
| Year Built | 1959 |
| Parking Ratio | 2.65/1,000 SF |
About the Property
Prime retail opportunity located directly off of MN Hwy 47 in Columbia Heights! This strip mall benefits from excellent frontage on a heavily trafficked corridor that has over 22,000 vehicles per day, ensuring maximum exposure for tenants or future owners. The property features versatile open space and multiple drive-in doors ideal for a range of retail, flex, service, or office uses. For those looking to lease, this property presents a rare opportunity to get the best rates on the market to ensure that their business will be successful from the onset. From an investor's perspective, there is immense value-add potential making it an ideal investment for the right operator to enhance the income and longterm value.
- Bus Line
- Pylon Sign
- Signage
Nearby Major Retailers
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Sunnyside Center | 5005-5011 University Ave NE
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