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Twin Cities office, industrial, retail and investment. Demonstration site with sample content.

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Tenant representation

  1. Home
  2. Availabilities
  3. Grand Avenue Storefront

Grand Avenue Storefront

1044 Grand Avenue, St. Paul, MN

  • Retail
  • Available
  • Sublease
  • St. Paul CBD and Lowertown

A sublease through August 2029 at roughly four dollars under the current direct asking rate on Grand.

Corner storefront with large display windows on a neighbourhood shopping street

The specification

Available area
2,240 SF
Base rate
$26.50 per SF per year
Lease structure
NNN
Operating expenses
$9.75 per SF
Gross occupancy cost
$36.25 per SF
Available
Immediately
Term sought
5 years
Parking
Street parking plus 11 stalls in a shared rear lot

About the space

This is a sublease, not a direct deal, and that is the whole point. The sublandlord is a home goods retailer consolidating to one location and wants out of the remaining 34 months. Direct asking rates on this stretch of Grand are running 30 to 31 per square foot; the sublease is at 26.50.

The constraints are the usual ones. The remaining term ends in August 2029 with no option, the prime landlord must consent to any use change, and improvements to the premises need approval from both the sublandlord and the prime landlord. We have read the prime lease and the use clause is broad enough to cover most neighbourhood retail and personal services.

The space is 2,240 square feet on a corner with display windows on two elevations, a finished back-of-house with staff restroom, and a rear service door onto the shared lot.

Sample This building, its specification and its pricing are illustrative samples created for a demonstration website. Nothing here is an offer to lease.

Model this space

Operating expenses are escalated at 3 percent a year, the usual planning assumption for a triple net building. Free rent abates base rent only, which is how most Twin Cities leases are written.

Year one gross occupancy cost

$476,238

$39,687 a month across 66 people

Gross rate, year one
$33.35 per RSF
Cost per employee, year one
$7,216
Free rent value
$139,230
Improvement allowance value
$642,600
Net effective rate over the term
$13.36 per RSF
Total obligation over the term
$2,851,244

Sample An estimate for comparison between proposals, not a quote. It ignores parking, after hours HVAC, percentage rent and any cost your own build-out carries beyond the allowance.

Full calculator and worked example

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Space detail
Browse availabilities

Tour this space

Ask Tomas for the floor plan, the operating expense history and a walk-through. Call (612) 555-0189 or send the requirement over.

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