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101 Old Town Rd 1,117 - 6,117 SF of Retail Space Available in Elko New Market, MN 55054
HIGHLIGHTS
- 14 Foot Clear Height.
- Property includes a drive thru lane.
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 103 | 1,117 SF | 5-10 Years | $16.50 /SF/YR $1.38 /SF/MO $18,431 /YR $1,536 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 121 | 1,500-5,000 SF | 5-10 Years | $16.50 /SF/YR $1.38 /SF/MO $82,500 /YR $6,875 /MO | Triple Net (NNN) |
1st Floor, Ste 103
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
1st Floor, Ste 121
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
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 101 OLD TOWN RD, ELKO NEW MARKET, MN 55054
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- ENM Family Pharmacy
- Retailer
- -
- -
- New Market Bank
- Finance and Insurance
- -
- -
- Salon Allure
- Services
- -
- -
- Triage Wellness Institute
- Health Care and Social Assistance
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| ENM Family Pharmacy | Retailer | - | - |
| New Market Bank | Finance and Insurance | - | - |
| Salon Allure | Services | - | - |
| Triage Wellness Institute | Health Care and Social Assistance | - | - |
PROPERTY FACTS
| Total Space Available | 6,117 SF | Gross Leasable Area | 22,000 SF |
| Min. Divisible | 1,117 SF | Year Built | 2020 |
| Property Type | Retail | Parking Ratio | 4.68/1,000 SF |
| Property Subtype | Storefront |
| Total Space Available | 6,117 SF |
| Min. Divisible | 1,117 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 22,000 SF |
| Year Built | 2020 |
| Parking Ratio | 4.68/1,000 SF |
ABOUT THE PROPERTY
Welcome to the newest addition to the bustling community of Elko New Market, MN a 21,575 square foot strip multi-tenant retail center completed in 2020. This well-maintained property is a testament to the growth and development of this charming town, with limited geographical competition. Located in the heart of Elko New Market, this retail center offers a variety of amenities and services to cater to the needs of the local residents. With a diverse mix of tenants, including restaurants, retail stores, and service providers, this center is a one-stop destination for all your shopping needs.
- Air Conditioning
Presented by
Greystone Real Estate LLC
101 Old Town Rd
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