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Shoppes on Second 123 16th Ave SW
1,425 - 2,933 SF of Retail Space Available in Rochester, MN 55902
Highlights
- Prime Location
- 2nd St SW
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 300/400 | 1,425-2,933 SF | 5 Years | $22.00 /SF/YR $1.83 /SF/MO $236.81 /m²/YR $19.73 /m²/MO $5,377 /MO $64,526 /YR | Triple Net (NNN) |
1st Floor, Ste 300/400
Space was formerly a hair salon. There are components of the salon still intact.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- close to Highway 52
- close to downtown
- Previous Hair Salon
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 Shoppes on Second
- Tenant
- Description
- US Locations
- Reach
- Altra Federal Credit Union
- Finance and Insurance
- 1
- -
- Cherryberry
- Yogurt
- 129
- National
- Edible Arrangements
- Other Retail
- 1,184
- International
- Toppers Pizza
- -
- -
- -
| Tenant | Description | US Locations | Reach |
| Altra Federal Credit Union | Finance and Insurance | 1 | - |
| Cherryberry | Yogurt | 129 | National |
| Edible Arrangements | Other Retail | 1,184 | International |
| Toppers Pizza | - | - | - |
PROPERTY FACTS FOR 123 16th Ave SW , Rochester, MN 55902
| Min. Divisible | 1,425 SF | Gross Leasable Area | 11,520 SF |
| Property Type | Retail | Year Built | 2012 |
| Min. Divisible | 1,425 SF |
| Property Type | Retail |
| Gross Leasable Area | 11,520 SF |
| Year Built | 2012 |
About the Property
Inline retail/service space available immediately. Was previously a hair salon, with some FF&E intact.
Nearby Major Retailers
Presented by
Shoppes on Second | 123 16th Ave SW
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