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Minerva's in Marketplace Shopping Centre 2945 Hamilton Blvd 9,904 SF of Retail Space Available in Sioux City, IA 51104
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 9,904 SF | Negotiable | $14.00 /SF/YR $1.17 /SF/MO $138,656 /YR $11,555 /MO | Modified Gross |
1st Floor
* Beautiful full-service restaurant & bar ready for a new concept. * Hamilton Boulevard is Siouxland's #2 retail market, with virtually no competition in the mid-to upper-scale full-service restaurant & bar category. * Marketplace Shopping Centre is a 100% leased, 285,000 sq. ft. center attracting 3 million visitors per year. * Hy-Vee ranks #1 in visitors among all Siouxland stores and ranks in the 97th percentile of grocery stores nationwide (Placer.ai). * Adjacent Caribou Coffee ranks #3 of all Iowa stores. * Renovated in 2017. * Attractive rent of $14 psf, Gross. *Owner is seeking a restaurant that offers a broad menu.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
- Space is in Excellent Condition
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.
Property Facts
| Total Space Available | 9,904 SF | Gross Leasable Area | 9,904 SF |
| Property Type | Retail | Year Built | 2006 |
| Property Subtype | Restaurant |
| Total Space Available | 9,904 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 9,904 SF |
| Year Built | 2006 |
About the Property
Beautiful full-service restaurant & bar ready for a new concept after a 30+ year run. Situated on Hamilton Boulevard, which is Siouxland's #2 retail market, with virtually no competition in the mid-to upper-scale full-service restaurant & bar category. The restaurant is located in the heart of the Marketplace Shopping Centre, a 285,000 sq. ft., 100% leased shopping center that attracts 3 million visitors each year. Marketplace is anchored by the north side's only Hy-Vee, ranking #1 in visitors among all Siouxland Hy-Vee stores and ranking in the 97th percentile of grocery stores nationwide (Placer.ai). The adjacent Caribou Coffee ranks #3 of all Iowa stores. The restaurant, renovated in 2017, boasts an attractive gross rent of $14 per sq. ft., including property taxes, property insurance and common area maintenance. Tenant pays utilities and contents & liability insurance. FF&E is negotiable at a bargain price. Owner is seeking a restaurant that offers a broad menu.
Nearby Major Retailers
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Minerva's in Marketplace Shopping Centre | 2945 Hamilton Blvd
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