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11166 County Road 37 NE 9,252 SF of Retail Space Available in Albertville, MN 55301
Highlights
- Frontage on Interstate 94.
- Businesses in the Area Include: Albertville Premium Outlets, Costco, Premier Bank, St. Michael-Albertville Ice Arena, Taco Bell and more!
- Traffic Counts: County Road 37 NE - 11,703 VPD
- Conveniently Located Between Albertville Outlets & Costco.
- Traffic Counts: I-94 - 55,877 VPD
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 9,252 SF | Negotiable | $16.45 /SF/YR $1.37 /SF/MO $152,195 /YR $12,683 /MO | Triple Net (NNN) |
1st Floor
2nd Generation Restaurant Available For Sale and For Lease
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
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 11166 County Road 37 NE, Albertville, MN 55301
- Tenant
- Description
- US Locations
- Reach
- Space Aliens
- Restaurant
- 1
- -
| Tenant | Description | US Locations | Reach |
| Space Aliens | Restaurant | 1 | - |
Property Facts
| Total Space Available | 9,252 SF | Gross Leasable Area | 9,252 SF |
| Property Type | Retail | Year Built | 2006 |
| Property Subtype | Restaurant | Parking Ratio | 13.51/1,000 SF |
| Total Space Available | 9,252 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 9,252 SF |
| Year Built | 2006 |
| Parking Ratio | 13.51/1,000 SF |
About the Property
This 2nd Generation restaurant can be a turn key operation for an incoming buyer. This is a chef ’s dream kitchen with wood fire grill, smoker, fryers, ovens, grills and more. You really must see it to appreciate it. There is a sunken center with a dome above that can be used in a number of creative ways for any concept. There is a separate party/meeting room, a lounge with a full bar, both with their own waitress stations. The game arcade is owned and operated by another company. They are extremely successful and would love the opportunity to stay. The restaurant profits generously from the game arcade, too! This concrete tip up building is nearly clear span with the exception of columns across the center of the building so it is easy to move walls, add walls and windows or anything else to suit your vision. Space Aliens has been the only tenant in the building the last 20 years. They are closing this last MN location to focus on their North Dakota restaurants where this concept began. All the furniture, fixtures and equipment stay with the building. Even though this is a 2nd generation restaurant, the building lends itself to any number of open floor plan uses such as recreation or retail once you remove the equipment and partitioned walls. Additional information and full size plans are available, please contact the agents for more detail.
- Freeway Visibility
- Signage
Nearby Major Retailers
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11166 County Road 37 NE
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