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Village Square 7817-7845 S Portland Ave
3,600 SF of Retail Space Available in Bloomington, MN 55420
Highlights
- Highway access and visibility. Close proximity to the Mall of America and the Twin Cities airport.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 7843 | 3,600 SF | 14’ | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
7817-7845 S Portland Ave - 1st Floor - Ste 7843
The space will be coming available June 1, 2024 as Pilgrim Cleaners will be vacating. The current use is a dry cleaner/laundromat. The ownership would entertain the same use. Also other uses may include food, restaurant, or service. Make an inquiry today.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space In Need of Renovation
- Finished Ceilings: 14’
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 Village Square
- Tenant
- Description
- US Locations
- Reach
- Harbor Freight Tools
- Retailer
- -
- -
- Jimmy Johns
- Retailer
- -
- -
- Luro Boots
- Retailer
- -
- -
- Pilgrim Cleaners & Launderers
- Laundry
- 45
- Regional
- Toppers Pizza
- Pizza
- 121
- National
- Walgreen's
- Retailer
- -
- -
| Tenant | Description | US Locations | Reach |
| Harbor Freight Tools | Retailer | - | - |
| Jimmy Johns | Retailer | - | - |
| Luro Boots | Retailer | - | - |
| Pilgrim Cleaners & Launderers | Laundry | 45 | Regional |
| Toppers Pizza | Pizza | 121 | National |
| Walgreen's | Retailer | - | - |
PROPERTY FACTS FOR 7817-7845 S Portland Ave , Bloomington, MN 55420
| Center Type | Neighborhood Center | Frontage | S Portland Ave |
| Parking | 200 Spaces | Gross Leasable Area | 60,854 SF |
| Stores | 7 | Total Land Area | 6.05 AC |
| Center Properties | 2 | Year Built | 1957 |
| Center Type | Neighborhood Center |
| Parking | 200 Spaces |
| Stores | 7 |
| Center Properties | 2 |
| Frontage | S Portland Ave |
| Gross Leasable Area | 60,854 SF |
| Total Land Area | 6.05 AC |
| Year Built | 1957 |
About the Property
Village Square Shopping Center is located in a dense business and residential area of Bloomington, Minnesota directly off of Highway 494 at Highway 494/American Boulevard and Portland Avenue. Current Tenants include: Walgreen's, Harbor Freight, Pilgrim Cleaner's (vacating 5/31/24), Jimmy John's, Toppers Pizza, El Guanaco Bakery & Cafe, Relaxing Healthy Center (health spa/restaurant). Look for Bloomington based Luro Boots to open the first quarter of 2024. The property has excellent access, visibility, and parking and proximity to the airport. Highway 494 is going to be re-aligned along with a new on/off ramp interchange at Highway 494/Portland. Construction to begin early 2024. Located on the southeast corner of Portland Avenue, Highway 494 and American Boulevard. The center is located directly adjacent to the Bloomington Walmart and across form Town and Country Shopping Center. Combined traffic counts on American Boulevard and Portland Avenue, 20,000+ daily vehicles. 138,000+ average daily on Highway 494.
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
-
Lisa Diehl -
Diehl & Partners, LLC
Learn More About Leasing Retail Properties
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Village Square | 7817-7845 S Portland Ave
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