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Cherryland Center 1148 S Airport Rd 12,156 - 30,929 SF of Space Available in Traverse City, MI 49684
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste A | 18,773 SF | Negotiable | $13.95 CAD/SF/YR $1.16 CAD/SF/MO $261,921 CAD/YR $21,827 CAD/MO | Triple Net (NNN) | ||
| 1st Floor - B | 12,156 SF | Negotiable | $14.30 CAD/SF/YR $1.19 CAD/SF/MO $173,841 CAD/YR $14,487 CAD/MO | Triple Net (NNN) |
1212 W South Airport Rd W - 1st Floor - Ste A
Over 18,000 feet of prime commercial space next to the new K1 race track. This building is getting a breath of fresh air with new tenants. 20 foot ceilings and private entrance. NNN lease. This space is adjacent to the new K1 racetrack, TC curling club and the future home of the Traverse City Orchestra.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air Conditioning
- Ample parking.
1212 W South Airport Rd W - 1st Floor - B
Over 12,000 feet of commercial space with four loading docks and industrial sized shelving storage. This is a NNN lease, additionally leaser is responsible for any build out or construction. Located in the old Sears building, the building has made the news with new tenants K1 race track and the future site of Traverse City orchestra.
- Lease rate does not include utilities, property expenses or building services
- 4 Loading Docks
- Secure Storage
- Located in-line with other retail
- Secure storage room available.
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
| Total Space Available | 30,929 SF | Frontage | |
| Center Type | Power Center | Gross Leasable Area | 455,955 SF |
| Parking | 2468 Spaces | Total Land Area | 38.33 AC |
| Stores | 24 | Year Built | 1977 |
| Center Properties | 4 |
| Total Space Available | 30,929 SF |
| Center Type | Power Center |
| Parking | 2468 Spaces |
| Stores | 24 |
| Center Properties | 4 |
| Frontage | |
| Gross Leasable Area | 455,955 SF |
| Total Land Area | 38.33 AC |
| Year Built | 1977 |
ABOUT THE PROPERTY
From Traverse City south on Garfield, Right on corner of South Airport and Garfield Road.
NEARBY MAJOR RETAILERS
CONTACTS
-
Ryan
Tiderington
-
Traverse Entertainment Group Ulysses Walls -
Abigail
Vannatter
Presented by
Company Not Provided
Cherryland Center | 1148 S Airport Rd
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