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Former Bank of America 150 E Maple Rd 4,388 SF of Retail Space Available in Troy, MI 48083
HIGHLIGHTS
- Well maintained freestanding building
- Located in the outlot of MJR and surrounded by numerous national tenants and medical practice
- 4 existing drive thru lanes, ideal for Credit Union/Bank- Conversion to general office or medical possible
- Professional Management
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,388 SF | Negotiable | $34.43 CAD/SF/YR $2.87 CAD/SF/MO $151,091 CAD/YR $12,591 CAD/MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Bank
- Space is an outparcel at this property
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 | 4,388 SF | Gross Leasable Area | 5,347 SF |
| Property Type | Retail | Year Built | 1988 |
| Property Subtype | Bank | Parking Ratio | 7.75/1,000 SF |
| Total Space Available | 4,388 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 5,347 SF |
| Year Built | 1988 |
| Parking Ratio | 7.75/1,000 SF |
ABOUT THE PROPERTY
Presenting a prime opportunity to buy or lease this well-maintained freestanding building, boasting four existing drive-thru lanes for optimal customer convenience. Ideally suited for a credit union or bank, the property offers potential for conversion to general office or medical space. Situated as an outlot of MJR and surrounded by a host of national tenants and medical practices, this high-traffic location is supported by professional management for seamless operations. Embrace the potential of this versatile space, designed to cater to diverse business needs and positioned for success in the heart of Troy, MI.
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
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Research In Progress - Research In Progress
Presented by
Research In Progress
Former Bank of America | 150 E Maple Rd
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