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Hi-Lake Center 2100-2218 Lake St E
2,358 - 16,328 SF of Retail Space Available in Minneapolis, MN 55407
Highlights
- New construction (2021), retailers include Aldi, Dollar General, Citi-Trends, Burlington and more. Highly visible from Hiawatha Ave.
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Lower Level, Ste 2216D | 10,262 SF | 3-5 Years | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste 2210-2212 | 3,708 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste 2218C | 2,358 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable |
2106-2214 E Lake St - Lower Level - Ste 2216D
Located adjacent to LRT Station, just minutes outside of downtown Minneapolis $3.0 million renovation to include new facade, site work and landscaping Other retailers include Citi-Trends, Aldi's, Savers, Subway, O'Reilly's Auto Store, Family Dollar and more.
2106-2214 E Lake St - 1st Floor - Ste 2210-2212
- Located in-line with other retail
- New Construction. Adjacent to the Blue Line
2216-2218 E Lake St - 1st Floor - Ste 2218C
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
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 Hi-Lake Center
- Tenant
- Description
- US Locations
- Reach
- ALDI
- Supermarket
- 3,051
- International
- Burlington
- Dept Store
- 1,437
- National
- Citi Trends
- Dept Store
- 757
- National
| Tenant | Description | US Locations | Reach |
| ALDI | Supermarket | 3,051 | International |
| Burlington | Dept Store | 1,437 | National |
| Citi Trends | Dept Store | 757 | National |
PROPERTY FACTS FOR 2100-2218 Lake St E , Minneapolis, MN 55407
| Center Type | Community Center | Frontage | 692’ on Lake St E |
| Parking | 430 Spaces | Gross Leasable Area | 220,436 SF |
| Stores | 9 | Total Land Area | 14.97 AC |
| Center Properties | 4 | Year Built | 1961 |
| Center Type | Community Center |
| Parking | 430 Spaces |
| Stores | 9 |
| Center Properties | 4 |
| Frontage | 692’ on Lake St E |
| Gross Leasable Area | 220,436 SF |
| Total Land Area | 14.97 AC |
| Year Built | 1961 |
About the Property
The Hi-Lake Shopping Center has been a part of the Phillips community for more than 50 years. Wellington purchased the eight-acre property in 2004 and immediately began a major repositioning and renovation, which included a new canopy, facade, storefronts, parking lot and landscaping, as well as the addition of two separate buildings in the outlots along Lake Street. The shopping center was again rebuilt in 2020-2021 and welcomed a new Burlington.
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
-
Eric Olsen -
Wellington Management, Inc.
Presented by
Hi-Lake Center | 2100-2218 Lake St E
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