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Mr. Eric Zweber December 19, 2017
<br />WSB & Associates, Inc. Page 51
<br />MAXFIELD RESEARCH AND CONSULTING, LLC
<br />TABLE 27
<br />SELECTED FOR LEASE RETAIL SPACE
<br />OUTSIDE NAVARRE
<br />Gross
<br />Operating
<br />Bldg
<br />Land
<br />Year
<br />Minimum
<br />Maximum
<br />Available
<br />Expenses/S
<br />Tax
<br />Property Name/ Address
<br />City
<br />Specific Use
<br />Size
<br />Area
<br />Built
<br />Tenancy
<br />Divisible
<br />Contiguous
<br />SF
<br />Vacancy
<br />Lease Rate
<br />Taxes/SF
<br />F
<br />Year
<br />2073AWayzata Blvd
<br />Long Lake
<br />Freestanding
<br />2,587
<br />98,446
<br />2005
<br />Single -Tenant
<br />1,000
<br />2,587
<br />2,587
<br />2,587
<br />$12.00-$20.00 NNN
<br />$5.28
<br />$5.55
<br />2016
<br />2073 W Wayzata Blvd
<br />Mound Marketplace
<br />Mound
<br />Neighborhood Ctr
<br />52,879
<br />270,407
<br />2003
<br />Multi -Tenant
<br />1,597
<br />2,985
<br />6,580
<br />6,580
<br />$18.00 - $22.00 Net
<br />$4.95
<br />$3.90
<br />2017
<br />2131 Commerce Blvd
<br />Commerce Place - Retail
<br />Mound
<br />Conv/Strip Ctr
<br />40,053
<br />14,375
<br />1986
<br />Multi -Tenant
<br />839
<br />17,504
<br />28,789
<br />28,789
<br />$8.00 - $18.00 Net
<br />$1.77
<br />$2.98
<br />2017
<br />2200 Commerce Blvd
<br />Shorewood Village Center
<br />Shorewood
<br />Neighborhood Ctr
<br />62,308
<br />286,189
<br />1975
<br />Multi -Tenant
<br />1,419
<br />3,393
<br />6,435
<br />6,435
<br />Negotiable NNN
<br />$4.71
<br />$6.49
<br />2017
<br />23470 Highway
<br />Waterford Center
<br />Shorewood
<br />Conv/Strip Ctr
<br />22,930
<br />147,233
<br />1994
<br />Multi -Tenant
<br />1,500
<br />5,706
<br />7,206
<br />7,206
<br />$16.50 NNN
<br />N/A
<br />$7.23
<br />2016
<br />19905 Highway
<br />Marina Center
<br />Spring Park
<br />Conv/Strip Ctr
<br />47,135
<br />507,038
<br />1964
<br />Multi -Tenant
<br />2,800
<br />2,800
<br />2,800
<br />2,800
<br />$12.00 Net
<br />$3.85
<br />$2.12
<br />2016
<br />4669 Shoreline Dr
<br />Lakeview Lofts
<br />Spring Park
<br />Neighborhood Ctr
<br />60,000
<br />24,019
<br />2005
<br />Multi -Tenant
<br />3,964
<br />3,964
<br />3,964
<br />3,964
<br />$23.00 NNN
<br />N/A
<br />N/A
<br />N/A
<br />4100 Spring St
<br />Marina Center- Pad Site
<br />Spring Park
<br />Freestanding
<br />9,120
<br />87,120
<br />N/A
<br />Multi -Tenant
<br />1,680
<br />9,120
<br />9,120
<br />9,120
<br />Negotiable
<br />N/A
<br />N/A
<br />N/A
<br />4659 Shoreline Dr
<br />Tonka Village Shopping Center
<br />Tonka Bay
<br />Neighborhood Ctr
<br />25,000
<br />273,992
<br />N/A
<br />Single -Tenant
<br />25,000
<br />25,000
<br />25,000
<br />25,000
<br />Negotiable NNN
<br />$3.45
<br />$4.04
<br />2017
<br />24324 Smithtown Rd
<br />Tonka Village Shopping Center
<br />Tonka Bay
<br />Neighborhood Ctr
<br />37,126
<br />283,140
<br />1959
<br />Multi -Tenant
<br />1,823
<br />7,441
<br />9,264
<br />9,264
<br />Negotiable NNN
<br />$3.45
<br />$4.04
<br />2017
<br />5609 Manitou Rd
<br />Wayzata Marquee Place
<br />Wayzata
<br />Mixed Use
<br />72,000
<br />24,394
<br />1946
<br />Multi -Tenant
<br />600
<br />1,289
<br />1,889
<br />1,889
<br />$25.00 NNN
<br />$12.00
<br />$8.68
<br />2017
<br />603 Lake St E
<br />1330 Wayzata Blvd
<br />Wayzata
<br />General
<br />4,500
<br />29,621
<br />N/A
<br />Multi -Tenant
<br />2,300
<br />2,300
<br />2,300
<br />2,300
<br />$40.00 Net
<br />$3.00
<br />$7.00
<br />2017
<br />1330 Wayzata Blvd
<br />240 Minnetonka Unit 103
<br />Wayzata
<br />Other
<br />1,094
<br />N/A
<br />N/A
<br />Single -Tenant
<br />1,094
<br />1,094
<br />1,094
<br />1,094
<br />$25.00 NNN
<br />N/A
<br />N/A
<br />N/A
<br />240 Minnetonka
<br />The Promenade of Wayzata
<br />Wayzata
<br />Community Ctr
<br />108,739
<br />632,491
<br />2014
<br />Multi -Tenant
<br />984
<br />20,588
<br />65,665
<br />65,665
<br />Negotiable NNN
<br />$11.72
<br />$4.69
<br />2017
<br />801 E Lake St
<br />Wayzata Village Shoppes
<br />Wayzata
<br />Neighborhood Ctr
<br />43,127
<br />119,790
<br />1964
<br />Multi -Tenant
<br />1,215
<br />Lais
<br />1,215
<br />1,215
<br />Negotiable NNN
<br />$7.29
<br />$4.25
<br />2017
<br />812 Lake St
<br />240 Minnetonka Unit 102
<br />Wayzata
<br />Other
<br />734
<br />25,000
<br />N/A
<br />Multi -Tenant
<br />734
<br />734
<br />734
<br />734
<br />$25.00 NNN
<br />N/A
<br />N/A
<br />N/A
<br />240 Minnetonka Ave S
<br />Colonial Square Shopping Center
<br />Wayzata
<br />Neighborhood
<br />38
<br />325,393
<br />1959
<br />Multi -Tenant
<br />1,313
<br />1,313
<br />1,313
<br />1,313
<br />Negotiable NNN
<br />$8.85
<br />$3.69
<br />2017
<br />1125 Wayzata Blvd
<br />Cross Creek Shoppes
<br />Wayzata
<br />General
<br />10,145
<br />28,314
<br />1968
<br />Multi -Tenant
<br />1,239
<br />2,994
<br />4,233
<br />4,233
<br />Negotiable NNN
<br />N/A
<br />$16.00
<br />2017
<br />748 E Lake St
<br />Sources: Xceligent; Maxfield Research & Consulting, LLC
<br />MAXFIELD RESEARCH AND CONSULTING, LLC
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