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CVS 949 Portland Ave
13,000 SF of Retail Space Available in Minneapolis, MN 55404
Sublease Highlights
- Located on the ground floor of high end condo building.
- Both adjacent streets are main corridors exiting the MPLS CBD.
- Lots of Mixed Use development and HiRISE buildings around the site.
- Separate covered parking lot for site in addition to metered parking on streets.
- Near Hennepin County Medical Center, US Bank Stadium, Kraus Anderson New Headquarters, and Downtown East
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 13,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor
Former CVS space available for sublease. Several years remain so term is negotiable. Both adjacent streets are main corridors exiting the MPLS CBD. Site sits at a highly developed residential area of low rise and newer high rise apartments.
- Sublease space available from current tenant
- Fully Built-Out as Standard Retail Space
- Central Air and Heating
- Private Restrooms
- Located on the ground floor of high end condo.
- Separate covered lot in addition to street parking
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 CVS
- Tenant
- Description
- US Locations
- Reach
- CVS Pharmacy
- Drug Store
- 10,837
- National
| Tenant | Description | US Locations | Reach |
| CVS Pharmacy | Drug Store | 10,837 | National |
PROPERTY FACTS FOR 949 Portland Ave , Minneapolis, MN 55404
| Property Type | Retail | Gross Leasable Area | 13,000 SF |
| Property Subtype | Drug Store | Year Built | 2009 |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 13,000 SF |
| Year Built | 2009 |
About the Property
Site sits at a highly developed residential area of low rise and newer high rise apartments.
Nearby Major Retailers
-
Power Broker Josh Bloom -
Bloom Commercial Real Estate, Inc.
Learn More About Leasing Retail Properties
Presented by
CVS | 949 Portland Ave
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