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Marion Road Retail 1401 N Marion Rd 4,008 SF of Retail Space Available in Sioux Falls, SD 57107
HIGHLIGHTS
- Shell space available for tenant build-out requests
- Now available for tenant build-outs
- In close proximity to Jefferson High School, George McGovern Middle School, and Southeast Technical College, with a combined total of 5,327 students
- Co-tenants include Starbucks and Anytime Fitness
- Near Jefferson Heights; a 150-acre premier housing development with homes starting at $465,000+
- Adjacent to Sanford Sports Complex, a 520-acre destination for sports, recreation, and community engagement that draws 2.5M visits a year
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,008 SF | Negotiable | $26.00 /SF/YR $2.17 /SF/MO $104,208 /YR $8,684 /MO | Triple Net (NNN) |
1st Floor
This retail strip is centrally situated within an area that is quickly developing in the northwest corridor of Sioux Falls.
- Lease rate does not include utilities, property expenses or building services
- Patio potential for endcap tenant
- Site plan proposes 113 total parking stalls
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 MARION ROAD RETAIL
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Anytime Fitness
- -
- -
- -
- Starbucks
- Accommodation and Food Services
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Anytime Fitness | - | - | - |
| Starbucks | Accommodation and Food Services | - | - |
PROPERTY FACTS
| Total Space Available | 4,008 SF | Gross Leasable Area | 11,700 SF |
| Property Type | Retail | Year Built | 2021 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 4,008 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 11,700 SF |
| Year Built | 2021 |
ABOUT THE PROPERTY
Located minutes from two of the city’s newest schools, several major employers, and an abundance of residential development sites (single & multi-family), this site presents a great opportunity to join the area’s growth potential.
NEARBY MAJOR RETAILERS
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Marion Road Retail | 1401 N Marion Rd
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