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Northland Plaza 1525 Highway 59 S 2,697 SF of Retail Space Available in Thief River Falls, MN 56701
Highlights
- Large ample parking lot with approx. 111 available spaces
- Great location off US Highway 59 with easy ingress/egress
- Tenant pylon sign at street
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 4 | 2,697 SF | Negotiable | $8.25 /SF/YR $0.69 /SF/MO $22,250 /YR $1,854 /MO | Triple Net (NNN) |
1st Floor, Ste 4
Former Sparkle Nails - long term tenant in space. Join Tractor Supply, Signature Styles Salon, Dash Fitness, Laundryland, PRN/Rehab Authority, and Broken Butterfly in multi-tenant center off US Highway 59
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space In Need of Renovation
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 Northland Plaza
- Broken Butterfly
- Dash Fitness
- Laundryland
- Rehab Authority
- Signature Styles Salon
- Tractor Supply
Property Facts
| Total Space Available | 2,697 SF | Gross Leasable Area | 53,345 SF |
| Property Type | Retail | Year Built | 1950 |
| Total Space Available | 2,697 SF |
| Property Type | Retail |
| Gross Leasable Area | 53,345 SF |
| Year Built | 1950 |
About the Property
The property at 1511–1529 US Highway 59 S was built in 1979 and is commonly known as Northland Plaza, one of the larger neighborhood shopping centers at 53,345 sf in Thief River Falls. It sits on a highly visible commercial corridor along Highway 59, surrounded by major retail destinations such as L&M Fleet Supply and Walmart Supercenter, this is one of the stronger retail It is a strong retail location because it fronts U.S. Highway 59, a primary north-south route through town; benefits from traffic generated by nearby national and regional retailers; and serves as a shopping destination for a trade area extending well beyond Thief River Falls into surrounding rural communities.
Nearby Major Retailers
Presented by
Northland Plaza | 1525 Highway 59 S
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