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Penn Place 780 Community Dr 1,073 - 2,573 SF of Retail Space Available in North Liberty, IA 52317
Highlights
- Within minutes of I-380
- Easily convertible for a variety of uses
- Large pylon sign visible from Penn St & Highway 965
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 3 | 1,073 SF | Negotiable | $18.95 /SF/YR $1.58 /SF/MO $20,333 /YR $1,694 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 8 | 1,500 SF | Negotiable | $18.95 /SF/YR $1.58 /SF/MO $28,425 /YR $2,369 /MO | Triple Net (NNN) |
1st Floor, Ste 3
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 8
- Lease rate does not include utilities, property expenses or building services
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 Penn Place
- Tenant
- Description
- US Locations
- Reach
- Gameday Men's Health North Liberty
- MD/DDS
- 1
- -
- Hotworx
- Arts, Entertainment, and Recreation
- -
- -
- Le Reve Salon & Spa
- Salon/Barber/Spa
- 1
- -
- U.S. Cellular
- Wireless Communications
- 878
- National
| Tenant | Description | US Locations | Reach |
| Gameday Men's Health North Liberty | MD/DDS | 1 | - |
| Hotworx | Arts, Entertainment, and Recreation | - | - |
| Le Reve Salon & Spa | Salon/Barber/Spa | 1 | - |
| U.S. Cellular | Wireless Communications | 878 | National |
Property Facts
| Total Space Available | 2,573 SF | Gross Leasable Area | 14,000 SF |
| Property Type | Retail | Year Built | 2012 |
| Total Space Available | 2,573 SF |
| Property Type | Retail |
| Gross Leasable Area | 14,000 SF |
| Year Built | 2012 |
About the Property
Cushman & Wakefield Iowa Commercial Advisors Exclusively Offers: Penn Place - Suites 3 & 8 | 780 Community Dr, North Liberty, IA 52317 Welcome to Penn Place, a retail strip that is centrally located in North Liberty, IA, one of the state's fastest growing cities. Suite 3 is 1,073 SF, has a built-out restroom, and is easily convertible. Suite 8 is 1,500 SF, has a built-out bathroom, and is currently built out at a restaurant with the capability to be converted for other uses. There is a large pylon sign visible from Penn St and Hwy 965 and retail exposure and high traffic counts from both streets. Surrounding retailers include Walgreens, Dunkin', Dollar Tree, GreenState Credit Union, McDonald's, Tin Roost, Field Day Brewing Co, and many more. New retail construction in the area includes Caribou Coffee and Midwest Veterinary Partners immediately to the East, Starbucks, Jersey Mike's, Aldi, and Bowl Dogs to the West, and the Palestra sports complex in close proximity. Access to I-380 is a short 5-minutes away.
Nearby Major Retailers
Contacts
-
Ryan Fitzpatrick -
Parker Ridge -
Cushman & Wakefield | Iowa Commercial Advisors
Presented by
Penn Place | 780 Community Dr
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