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Normandale Village 5101-5159 W 98th St 4,840 SF of Retail Space Available in Bloomington, MN 55437
HIGHLIGHTS
- Anchored by Lunds & Byerlys
- 12 miles south of Minneapolis, with a population exceeding 62,300 in a three-mile radius and an average annual household income greater than $122,400
- Bloomington is the home of Mall of America which has over 250 shops, 50 restaurants and receives more than 40 million visitors annually
- located at the intersection of 98th Street and Normandale Boulevard, which benefits from over 22,000 vehicles per day
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 5145 | 4,840 SF | Negotiable | $16.00 /SF/YR $1.33 /SF/MO $77,440 /YR $6,453 /MO | Triple Net (NNN) |
1st Floor, Ste 5145
Retail Space Available.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air Conditioning
- Salon space available
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 NORMANDALE VILLAGE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Ace Hardware
- Hardware
- 4,593
- International
- Anytime Fitness
- Fitness
- 3,095
- International
- Bloomington Wellness Center
- Services
- 1
- Local
- Great Clips
- Salon/Barber/Spa
- 6,152
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Ace Hardware | Hardware | 4,593 | International |
| Anytime Fitness | Fitness | 3,095 | International |
| Bloomington Wellness Center | Services | 1 | Local |
| Great Clips | Salon/Barber/Spa | 6,152 | International |
PROPERTY FACTS
| Total Space Available | 4,840 SF | Total Land Area | 12.57 AC |
| Property Type | Retail | Year Built/Renovated | 1973/1989 |
| Property Subtype | Storefront | Parking Ratio | 2.32/1,000 SF |
| Gross Leasable Area | 128,873 SF |
| Total Space Available | 4,840 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 128,873 SF |
| Total Land Area | 12.57 AC |
| Year Built/Renovated | 1973/1989 |
| Parking Ratio | 2.32/1,000 SF |
ABOUT THE PROPERTY
Normandale Village is anchored by Lunds & Byerlys, located in Bloomington, MN—just 12 miles south of Minneapolis. This thriving suburb boasts a population of over 62,300 within a three-mile radius and an average household income exceeding $122,400. Bloomington is home to the world-famous Mall of America, attracting more than 40 million visitors annually. Major tenants include Anytime Fitness, Ace Hardware, Bloomington Wellness Center, and Great Clips, creating a diverse and complementary tenant mix.
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Air Conditioning
NEARBY MAJOR RETAILERS
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Normandale Village | 5101-5159 W 98th St
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