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700 9th Ave SE
2,280 - 5,434 SF of Retail Space Available in Watertown, SD 57201
Highlights
- Walgreens occupies the diagonal corner with recently developed strip shopping centers on the other.
- Current tenants include Nyberg's Ace Hardware, Studio 212 Entertainment Venue, Mattress Firm, & Sioux Valley Coop Credit Union.
- Located just east of the Highway 212 and Highway 81 intersection.
Space Availability (2)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste 708 | 2,280 SF | Negotiable | £12.52 /SF/PA £1.04 /SF/MO £134.76 /m²/PA £11.23 /m²/MO £28,544 /PA £2,379 /MO | Triple Net | ||
| 1st Floor, Ste 710 | 3,154 SF | Negotiable | £12.52 /SF/PA £1.04 /SF/MO £134.76 /m²/PA £11.23 /m²/MO £39,486 /PA £3,290 /MO | Triple Net |
1st Floor, Ste 708
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
1st Floor, Ste 710
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
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 700 9th Ave SE, Watertown, SD 57201
- Tenant
- Description
- US Locations
- Reach
- ACE Hardware
- Retailer
- -
- -
- Studio 212 Entertainment Venue
- Arts, Entertainment, and Recreation
- -
- -
- SVC Credit Union
- Finance and Insurance
- -
- -
| Tenant | Description | US Locations | Reach |
| ACE Hardware | Retailer | - | - |
| Studio 212 Entertainment Venue | Arts, Entertainment, and Recreation | - | - |
| SVC Credit Union | Finance and Insurance | - | - |
PROPERTY FACTS FOR 700 9th Ave SE , Watertown, SD 57201
| Property Type | Retail | Year Built | 1985 |
| Property Subtype | Freestanding | Parking Ratio | 5.99/1,000 SF |
| Gross Internal Area | 66,777 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Internal Area | 66,777 SF |
| Year Built | 1985 |
| Parking Ratio | 5.99/1,000 SF |
About the Property
The subject property is located on a signalized hard corner considered to be the best location in the core retail sector of Watertown. While this location has excellent visibility and access, it was developed to offer that access to the Watertown MSA as well as the rural markets surrounding Watertown.
- Pylon Sign
-
Ryan Ammann -
NAI Sioux Falls
Presented by
700 9th Ave SE
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