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Bldg II 2218-2258 NW Bunker Lake Blvd 4,200 SF of Retail Space Available in Andover, MN 55304
SUBLEASE HIGHLIGHTS
- Excellent location in thriving commercial area
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 2246 | 4,200 SF | Negotiable | $21.34 /SF/YR $1.78 /SF/MO $89,628 /YR $7,469 /MO | Modified Gross |
1st Floor, Ste 2246
The space is located next to strong anchor tenant, Festival Foods, in densely populated area of Andover, MN. The established retail property draws a consistent and significant customer base. • Local population has a high purchasing power and median income of over $131,000 (2023) • Andover’s economic plan focuses on attracting and supporting businesses • The city partners with Anoka County to participate in Open to Business program • Property is located in a high-traffic area with easy access to Highway 10 and Round Lake Boulevard
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail 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 BLDG II
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- 88 Wok
- Restaurant
- 1
- Local
- Custom Smiles Dentistry
- Health Care
- 1
- Local
- Domino’s
- Pizza
- 9,065
- International
- Farrell's Exreme Bodyshaping
- Fitness
- 47
- National
- Festival Foods
- Supermarket
- 46
- Regional
- State Farm
- Insurance
- 49,786
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| 88 Wok | Restaurant | 1 | Local |
| Custom Smiles Dentistry | Health Care | 1 | Local |
| Domino’s | Pizza | 9,065 | International |
| Farrell's Exreme Bodyshaping | Fitness | 47 | National |
| Festival Foods | Supermarket | 46 | Regional |
| State Farm | Insurance | 49,786 | National |
PROPERTY FACTS
| Total Space Available | 4,200 SF | Total Land Area | 10.23 AC |
| Property Type | Retail | Year Built | 2002 |
| Gross Leasable Area | 71,600 SF | Parking Ratio | 6.3/1,000 SF |
| Total Space Available | 4,200 SF |
| Property Type | Retail |
| Gross Leasable Area | 71,600 SF |
| Total Land Area | 10.23 AC |
| Year Built | 2002 |
| Parking Ratio | 6.3/1,000 SF |
ABOUT THE PROPERTY
Andover Station is a thriving, multi-tenant retail center offering 74,938 SF of prime commercial space. With high visibility and easy accessibility, the property attracts a diverse range of businesses. • Located on the intersection of Bunker Lake Boulevard and Quinn Street • Dedicated stoplight at its entrance • Popular shopping destination for the community • Stable anchor tenant and neighboring businesses 4,200 SF available for sublease (or new lease) • Front wall of windows and three glass doors to brighten the large open space • Private office with interior window for natural light • Hallway to men and women’s locker rooms; each space has restroom facilities and showers (women 3, men 4) • Clean and well maintained • Storage room with utility sink, mechanicals, and room for shelving
- Restaurant
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
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Bldg II | 2218-2258 NW Bunker Lake Blvd
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