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Annandale New Town Market 700 Norway Dr 1,872 SF of Retail Space Available in Annandale, MN 55302
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,872 SF | Negotiable | $10.00 /SF/YR $0.83 /SF/MO $18,720 /YR $1,560 /MO | Modified Gross |
1st Floor
Now available for lease: ±1,872 SF of flexible retail / office space located in a Marketplace-anchored shopping center at 700 Norway Drive East in Annandale, MN. The space features a versatile layout with an open front area, private offices, restroom, front entrance, and a former drive-through window that may offer added flexibility for select users. Buildout terms are negotiable for qualified tenants, allowing the space to be adapted for a variety of business needs. The property is positioned within an established Annandale retail center anchored by The Marketplace, a daily-needs grocery tenant serving the local community. Neighboring businesses include O’Brothers Wine & Spirits and China King, helping drive consistent customer activity to the center. Potential uses include retail, office, service-based business, coffee / beverage, boutique retail, wellness, health-related services, studio, or other commercial uses. The property offers ample on-site surface parking, convenient access off Hwy 55, and strong visibility within a local commercial node serving Annandale residents, nearby businesses, and seasonal lake-area traffic. Lease Rate: $10.00/SF base rent + $4.00/SF CAM. Utilities paid separately by tenant.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Professional Services Office
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- ±1,872 SF flexible retail / office space available
- Located in a Marketplace-anchored shopping center
- Buildout terms negotiable for qualified tenants
- Ample on-site surface parking
- Convenient access off Hwy 55
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 Annandale New Town Market
- Tenant
- Description
- US Locations
- Reach
- China King
- Restaurant
- 158
- National
- O'Brothers Wine & Spirits
- Liquor
- 1
- -
- River Of Life Annandale
- Services
- 1
- -
| Tenant | Description | US Locations | Reach |
| China King | Restaurant | 158 | National |
| O'Brothers Wine & Spirits | Liquor | 1 | - |
| River Of Life Annandale | Services | 1 | - |
Property Facts
| Total Space Available | 1,872 SF | Gross Leasable Area | 14,754 SF |
| Property Type | Retail | Total Land Area | 1.81 AC |
| Property Subtype | Freestanding | Year Built | 2005 |
| Total Space Available | 1,872 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 14,754 SF |
| Total Land Area | 1.81 AC |
| Year Built | 2005 |
Features and Amenities
- Drive Thru
Presented by
Annandale New Town Market | 700 Norway Dr
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