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1033 Leonard St NW 4,120 SF of Retail Space Available in Grand Rapids, MI 49504
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 4,120 SF | 12’ | Negotiable | $16.55 CAD/SF/YR $1.38 CAD/SF/MO $68,174 CAD/YR $5,681 CAD/MO | Triple Net (NNN) |
1st Floor
First time on the market for lease is the former Hoogerhyde Safe and Lock building at 1033 Leonard NW Grand Rapids. This 4,120 SF stand-alone retail building offers an excellent opportunity for businesses seeking a flexible combination of showroom and shop space in a highly accessible location. The building includes a 2,520 SF office and showroom and a 1,600 SF shop featuring 12-foot ceilings, three overhead doors, a unit heater, and floor drains. Zoned Traditional Business Area, the building is well-suited for a variety of retail or service uses.
- Lease rate does not include utilities, property expenses or building services
- Finished Ceilings: 12’
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 1033 LEONARD ST NW, GRAND RAPIDS, MI 49504
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Hoogerhyde Safe & Lock
- Hardware
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Hoogerhyde Safe & Lock | Hardware | 1 | - |
PROPERTY FACTS
| Total Space Available | 4,120 SF | Gross Leasable Area | 4,120 SF |
| Property Type | Retail | Year Built | 2005 |
| Property Subtype | Storefront | Parking Ratio | 4.85/1,000 SF |
| Total Space Available | 4,120 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 4,120 SF |
| Year Built | 2005 |
| Parking Ratio | 4.85/1,000 SF |
FEATURES AND AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
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1033 Leonard St NW
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