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University IV 8151-8255 NE University Ave 1,012 - 4,882 SF of Retail Space Available in Minneapolis, MN 55432
HIGHLIGHTS
- 31K AADT
- Just south of Blaine Main Retail Corridor
- Frontage to University Drive NE
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 12/13 | 3,870 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 1st Floor, Ste 5 | 1,012 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
8151-8255 University Ave NE - 1st Floor - Ste 12/13
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Specialty Space
- Located in-line with other retail
- Space is in Excellent Condition
8151-8255 University Ave NE - 1st Floor - Ste 5
- 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
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 UNIVERSITY IV
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Advance Auto Parts
- Automotive
- 4,661
- International
- Empire Beauty School
- Salon/Barber/Spa
- 145
- National
- Habachi Grill & Supreme Buffet
- Restaurant
- 1
- Local
- Once Upon A Child
- Children Apparel
- 531
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Advance Auto Parts | Automotive | 4,661 | International |
| Empire Beauty School | Salon/Barber/Spa | 145 | National |
| Habachi Grill & Supreme Buffet | Restaurant | 1 | Local |
| Once Upon A Child | Children Apparel | 531 | International |
PROPERTY FACTS
| Total Space Available | 4,882 SF | Frontage | 681’ on University Avenue |
| Center Type | Neighborhood Center | Gross Leasable Area | 55,715 SF |
| Parking | 263 Spaces | Total Land Area | 4.66 AC |
| Stores | 18 | Year Built | 1985 |
| Center Properties | 1 | Cross Streets | 83rd Ave |
| Total Space Available | 4,882 SF |
| Center Type | Neighborhood Center |
| Parking | 263 Spaces |
| Stores | 18 |
| Center Properties | 1 |
| Frontage | 681’ on University Avenue |
| Gross Leasable Area | 55,715 SF |
| Total Land Area | 4.66 AC |
| Year Built | 1985 |
| Cross Streets | 83rd Ave |
ABOUT THE PROPERTY
Retail space for lease in Gator Investments owned University IV Shopping Center in Spring Lake Park, MN. University IV is Anchored by Advance Auto, Empire Beauty School & Once Upon a child. Well Maintained shopping center has frontage to University drive NE and is located just north of Minneapolis in Anoka County.
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
Contact the Leasing Agent
University IV | 8151-8255 NE University Ave