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602 S Rum River Dr 3,600 - 7,200 SF of Retail Space Available in Princeton, MN 55371
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Basement | 3,600 SF | Negotiable | $15.00 /SF/YR $1.25 /SF/MO $54,000 /YR $4,500 /MO | TBD | ||
| 1st Floor | 3,600 SF | Negotiable | $15.00 /SF/YR $1.25 /SF/MO $54,000 /YR $4,500 /MO | TBD |
Basement
- Can be combined with additional space(s) for up to 7,200 SF of adjacent space
1st Floor
- Can be combined with additional space(s) for up to 7,200 SF of adjacent 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 602 S Rum River Dr, Princeton, MN 55371
- Tenant
- Description
- US Locations
- Reach
- City Of Princeton
- Legal
- 1
- -
- Paws Up For You
- Services
- 1
- -
| Tenant | Description | US Locations | Reach |
| City Of Princeton | Legal | 1 | - |
| Paws Up For You | Services | 1 | - |
Property Facts
| Total Space Available | 7,200 SF | Gross Leasable Area | 7,200 SF |
| Property Type | Retail | Year Built | 1992 |
| Property Subtype | Freestanding | Parking Ratio | 1.39/1,000 SF |
| Total Space Available | 7,200 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 7,200 SF |
| Year Built | 1992 |
| Parking Ratio | 1.39/1,000 SF |
About the Property
Extremely well-built, freestanding commercial building on busy South Rum River Dr near downtown and Hwy 169. Endless possibilities with current commercial zoning. See attached documents for allowable uses. The spancrete trusses allow for an open usable lower level, and the phase three electrical system will meet the highest of demand uses. Strong street exposure signage, sufficient off-street parking, and an additional lot for storage, fencing, addition, etc. Broker is the owner and is open to discussing the many uses and possibilities for this unique property. Call to discuss terms.
- Corner Lot
- Pylon Sign
- Signage
- Air Conditioning
Nearby Major Retailers
Contact the Leasing Agent
602 S Rum River Dr