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Phalen Retail Center Maryland Ave 404 - 3,012 SF of Retail Space Available in Saint Paul, MN 55106
HIGHLIGHTS
- Grocery-Anchored Shopping Center
- This center is in the middle of very dense demographics with visibility to 38,000 vehicles per day.
- Located in St. Paul’s Phalen neighborhood
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste A103 | 1,208 SF | Negotiable | $29.31 CAD/SF/YR $2.44 CAD/SF/MO $35,412 CAD/YR $2,951 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste C1 | 1,400 SF | Negotiable | $29.31 CAD/SF/YR $2.44 CAD/SF/MO $41,040 CAD/YR $3,420 CAD/MO | Modified Gross | ||
| 1st Floor, Ste C2 | 404 SF | Negotiable | $29.31 CAD/SF/YR $2.44 CAD/SF/MO $11,843 CAD/YR $986.92 CAD/MO | Modified Gross |
1177 Clarence St - 1st Floor - Ste A103
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
1177 Clarence St - 1st Floor - Ste C1
Can be combined with C2 for 1,804 SF. $20.00 - $22.00 PSF
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Can be combined with additional space(s) for up to 1,804 SF of adjacent space
1177 Clarence St - 1st Floor - Ste C2
Can be combined with C1 for 1,804 sf. $20.00 - $22.00 PSF
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Can be combined with additional space(s) for up to 1,804 SF of adjacent 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 PHALEN RETAIL CENTER
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Snap Fitness
- Fitness
- 1,163
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Snap Fitness | Fitness | 1,163 | National |
PROPERTY FACTS
| Total Space Available | 3,012 SF | Center Properties | 3 |
| Max. Contiguous | 1,804 SF | Gross Leasable Area | 73,678 SF |
| Center Type | Neighborhood Center | Total Land Area | 13.00 AC |
| Parking | 366 Spaces | Year Built | 2008 |
| Total Space Available | 3,012 SF |
| Max. Contiguous | 1,804 SF |
| Center Type | Neighborhood Center |
| Parking | 366 Spaces |
| Center Properties | 3 |
| Gross Leasable Area | 73,678 SF |
| Total Land Area | 13.00 AC |
| Year Built | 2008 |
ABOUT THE PROPERTY
Phalen Retail Center is well located in a strong geographic trade area with fantastic visibility and multiple access points. Tenants include Cub Foods, Subway, Wingstop, Metro PCS and several local retailers.
NEARBY MAJOR RETAILERS
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Phalen Retail Center | Maryland Ave
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