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Five Lakes Centre 308 S State St
900 - 83,216 SF of Retail Space Available in Fairmont, MN 56031
Highlights
- Former JC Penney available for immediate occupancy
- Indoor Mall
- Heavy daytime foot traffic
Space Availability (10)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste 1 | 2,925 SF | Negotiable | £5.59 /SF/PA £0.47 /SF/MO £60.13 /m²/PA £5.01 /m²/MO £16,339 /PA £1,362 /MO | Modified Gross | ||
| 1st Floor, Ste 10 | 1,652 SF | 1 Year | £6.31 /SF/PA £0.53 /SF/MO £67.94 /m²/PA £5.66 /m²/MO £10,427 /PA £868.95 /MO | Modified Gross | ||
| 1st Floor, Ste 100 | 4,750 SF | 1 Year | £4.73 /SF/PA £0.39 /SF/MO £50.96 /m²/PA £4.25 /m²/MO £22,486 /PA £1,874 /MO | Modified Gross | ||
| 1st Floor, Ste 120 | 7,000 SF | Negotiable | £4.73 /SF/PA £0.39 /SF/MO £50.96 /m²/PA £4.25 /m²/MO £33,138 /PA £2,761 /MO | Modified Gross | ||
| 1st Floor, Ste 121 | 1,391 SF | Negotiable | £4.73 /SF/PA £0.39 /SF/MO £50.96 /m²/PA £4.25 /m²/MO £6,585 /PA £548.75 /MO | Modified Gross | ||
| 1st Floor, Ste 150 | 900 SF | Negotiable | £6.84 /SF/PA £0.57 /SF/MO £73.63 /m²/PA £6.14 /m²/MO £6,157 /PA £513.05 /MO | Modified Gross | ||
| 1st Floor, Ste 170 | 2,178 SF | Negotiable | £6.31 /SF/PA £0.53 /SF/MO £67.94 /m²/PA £5.66 /m²/MO £13,748 /PA £1,146 /MO | Modified Gross | ||
| 1st Floor, Ste 190 | 1,289 SF | Negotiable | £5.14 /SF/PA £0.43 /SF/MO £55.37 /m²/PA £4.61 /m²/MO £6,631 /PA £552.58 /MO | Modified Gross | ||
| 1st Floor, Ste 290 | 51,131 SF | Negotiable | £3.55 /SF/PA £0.30 /SF/MO £38.22 /m²/PA £3.18 /m²/MO £181,541 /PA £15,128 /MO | Modified Gross | ||
| 1st Floor, Ste 295 | 10,000 SF | Negotiable | £4.73 /SF/PA £0.39 /SF/MO £50.96 /m²/PA £4.25 /m²/MO £47,340 /PA £3,945 /MO | Modified Gross |
308 S State St - 1st Floor - Ste 1
- Listed rate may not include certain utilities, building services and property expenses
308 S State St - 1st Floor - Ste 10
- Listed rate may not include certain utilities, building services and property expenses
308 S State St - 1st Floor - Ste 100
- Listed rate may not include certain utilities, building services and property expenses
308 S State St - 1st Floor - Ste 120
- Listed rate may not include certain utilities, building services and property expenses
308 S State St - 1st Floor - Ste 121
- Listed rate may not include certain utilities, building services and property expenses
308 S State St - 1st Floor - Ste 150
- Listed rate may not include certain utilities, building services and property expenses
308 S State St - 1st Floor - Ste 170
- Listed rate may not include certain utilities, building services and property expenses
308 S State St - 1st Floor - Ste 190
- Listed rate may not include certain utilities, building services and property expenses
308 S State St - 1st Floor - Ste 290
Two loading docks, climate control, separate entrance.
- Listed rate may not include certain utilities, building services and property expenses
- Space is in Excellent Condition
- 2 Loading Docks
- High Ceilings
308 S State St - 1st Floor - Ste 295
- Listed rate may not include certain utilities, building services and property expenses
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 agent 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 Five Lakes Centre
- Tenant
- Description
- US Locations
- Reach
- Dollar Tree
- Retailer
- -
- -
- Dunham Sports
- Retailer
- -
- -
- Scooter's Coffeehouse
- Coffee
- 931
- National
- Shoe Sensation
- Shoes
- 351
- National
- United States Postal Service
- Service type
- -
- -
| Tenant | Description | US Locations | Reach |
| Dollar Tree | Retailer | - | - |
| Dunham Sports | Retailer | - | - |
| Scooter's Coffeehouse | Coffee | 931 | National |
| Shoe Sensation | Shoes | 351 | National |
| United States Postal Service | Service type | - | - |
PROPERTY FACTS FOR 308 S State St , Fairmont, MN 56031
| Centre Type | Community Center | Gross Leasable Area | 287,204 SF |
| Parking | 181 Spaces | Total Land Area | 21.34 AC |
| Stores | 40 | Year Built | 1970 |
| Centre Properties | 6 | Cross Streets | NEC S State St & Blue Earth Ave |
| Frontage | South State Street |
| Centre Type | Community Center |
| Parking | 181 Spaces |
| Stores | 40 |
| Centre Properties | 6 |
| Frontage | South State Street |
| Gross Leasable Area | 287,204 SF |
| Total Land Area | 21.34 AC |
| Year Built | 1970 |
| Cross Streets | NEC S State St & Blue Earth Ave |
About the Property
The Five Lakes Centre is a beautiful mall located in southern Minnesota which serves as a retail hub drawing from over a 40 mile radius. The popularity of the mall has created a strong roster of tenants. The Five Lakes Centre features national retailers, service providers, and municipal tenants. The Five Lakes Centre is located at 308 South State Street, Fairmont, MN 56031. It is the only major shopping center within a 40 mile radius.
- Kiosk/Cart Space
- Enclosed Mall
-
Charles Pinter -
Paula Badilla
-
Texoma Management
Presented by
Five Lakes Centre | 308 S State St
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