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900 S Grand Ave

11,640 SF of Retail Space Available in Spencer, IA 51301

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Highlights

Great Location!

Space Availability (1)

Display Rental Rate as

1st Floor
11,640 SF
1-20 Years
$17.59 CAD/SF/YR $1.47 CAD/SF/MO $189.34 CAD/m²/YR $15.78 CAD/m²/MO $17,062 CAD/MO $204,749 CAD/YR
Triple Net (NNN)

Space Use

Retail

Condition

Full Build-Out

Availability

Now

Auto dealership space available for both sale and lease! Space has a total of 13 drive-in doors and has a pre-existing build -out!

Lease rate does not include utilities, property expenses or building services
Fully Built-Out as a Car Dealership
Space is an outparcel at this property
High Ceilings
Prime Location!

Space	Size		Term	Rental Rate	Rent Type
1st Floor	11,640 SF		1-20 Years	$17.59 CAD/SF/YR $1.47 CAD/SF/MO $189.34 CAD/m²/YR $15.78 CAD/m²/MO $17,062 CAD/MO $204,749 CAD/YR	Triple Net (NNN)

Size

11,640 SF

Term

1-20 Years

Rental Rate

$17.59 CAD/SF/YR $1.47 CAD/SF/MO $189.34 CAD/m²/YR $15.78 CAD/m²/MO $17,062 CAD/MO $204,749 CAD/YR

Rent Type

Triple Net (NNN)

Space Use

Retail

Condition

Full Build-Out

Availability

Now

Auto dealership space available for both sale and lease! Space has a total of 13 drive-in doors and has a pre-existing build -out!

Lease rate does not include utilities, property expenses or building services
Fully Built-Out as a Car Dealership
Space is an outparcel at this property
High Ceilings
Prime Location!

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 900 S Grand Ave , Spencer, IA 51301

Property Type	Retail	Gross Leasable Area	11,640 SF
Property Subtype	Auto Dealership	Year Built/Renovated	1966/2016

Property Type	Retail
Property Subtype	Auto Dealership
Gross Leasable Area	11,640 SF
Year Built/Renovated	1966/2016

About the Property

This is an autodealership with attached servicing center that is available for both sale and lease! Great investment opportunity or a chance to make it your own! This property is fully built-out and ready to go!