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Village on Louise 5007-5035 S Louise Ave
1,800 SF of Retail Space Available in Tea, SD 57064
Highlights
- High traffic intersection of 57th Street and Louise Avenue
- Ample parking with a combined daily traffic count of 44,400 vehicles
- Easy access on Louise Ave, 57th Street, 41st Street and I-29.
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 1,800 SF | Negotiable | £14.13 /SF/PA £1.18 /SF/MO £152.09 /m²/PA £12.67 /m²/MO £25,434 /PA £2,119 /MO | Triple Net |
5007-5035 S Louise Ave - 1st Floor
Retail space located in successful Village on Louise. This space provides an open floorplan with one private office, storage area with a utility sink and restroom. Village on Louise tenants include Panera, Cherry Berry, Olive Destination, barre3, Great Clips, Marco's Pizza, Noodles & Company and Royal Palace.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Private Restrooms
- Secure Storage
- Building and monument signage
- Ample parking available
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.
PROPERTY FACTS FOR 5007-5035 S Louise Ave , Tea, SD 57064
| Centre Type | Neighborhood Center | Gross Leasable Area | 44,330 SF |
| Stores | 2 | Total Land Area | 9.50 AC |
| Centre Properties | 2 | Year Built | 1900 |
| Frontage | S Louise Ave |
| Centre Type | Neighborhood Center |
| Stores | 2 |
| Centre Properties | 2 |
| Frontage | S Louise Ave |
| Gross Leasable Area | 44,330 SF |
| Total Land Area | 9.50 AC |
| Year Built | 1900 |
Features and Amenities
- Pylon Sign
- Signalised Intersection
Nearby Major Retailers
-
Alex Soundy -
Bender Commercial Real Estate Services
Presented by
Village on Louise | 5007-5035 S Louise Ave
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