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Lake Plaza 755-795 E Lake St
1,650 SF of Retail Space Available in Wayzata, MN 55391
Highlights
- High visibility in walkable area of Wayzata
- Canopy signage
- Plentiful street parking
- Charming individual storefronts
- Vibrant mix of co-tenants
- Lot parking with reserved spaces
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 795 | 1,650 SF | Negotiable | $64.53 CAD/SF/YR $5.38 CAD/SF/MO $106,480 CAD/YR $8,873 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 795
Charming single story brick building! Sunlit corner space in walkable area of Wayzata, ideal for retail or professional service users. The property is surrounded by plentiful parking, with rear access through the building and reserved spaces available for customers.
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- Corner Space
- Large glass storefront with signage opportunity
- Open area, back room, and restroom
- Bright corner space with windows on the side
- Mostly open floorplan with flexible layout options
- Move-in ready
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.
PROPERTY FACTS FOR 755-795 E Lake St , Wayzata, MN 55391
| Property Type | Retail | Year Built | 1970 |
| Property Subtype | Storefront | Parking Ratio | 11.13/1,000 SF |
| Gross Leasable Area | 14,375 SF | Cross Streets | E Mill St |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 14,375 SF |
| Year Built | 1970 |
| Parking Ratio | 11.13/1,000 SF |
| Cross Streets | E Mill St |
About the Property
This charming single-story brick building is located in the heart of the bustling Wayzata neighborhood. Each with their own distinguished storefront canopy, the building is home to a prominent mix of retailers including Grace Hill, Crisp & Green, oh baby! Boutique, Lucy Interiors, and emerging new fitness retailer, REVE Studios. The property is surrounded by plentiful parking, with rear access through the building and reserved spaces available for customers.
- Signage
Nearby Major Retailers
Presented by
Lake Plaza | 755-795 E Lake St
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