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8 Mile & Gratiot 15405 Gratiot Ave 1,360 SF of Retail Space Available in Detroit, MI 48205
HIGHLIGHTS
- Great Road Visibility.
- Multiple Curb Cuts.
- Densely Populated.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,360 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
15405-15415 Gratiot Ave - 1st Floor
Outstanding retail opportunity located at the signalized intersection at the SWC of 8 Mile and Gratiot Avenue. Surrounded by strong and national and local retailers, the site offers excellent demographics, heavy daily traffic, and multiple curb cuts for superior accessibility. Perfect for retail, quick-service, or specialty uses seeking prime exposure in a densely populated area.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
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 8 MILE & GRATIOT
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- ALDI
- Discount Grocer
- 3,051
- International
- Dollar Center
- Dollar/Variety/Thrift
- 1
- Local
- GameStop
- Game Store
- 2,957
- International
- Little Caesars
- Pizza
- 4,803
- International
- The City Warehouse
- Men's Apparel
- 1
- Local
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| ALDI | Discount Grocer | 3,051 | International |
| Dollar Center | Dollar/Variety/Thrift | 1 | Local |
| GameStop | Game Store | 2,957 | International |
| Little Caesars | Pizza | 4,803 | International |
| The City Warehouse | Men's Apparel | 1 | Local |
PROPERTY FACTS
| Total Space Available | 1,360 SF | Frontage | Gratiot Ave |
| Center Type | Neighborhood Center | Gross Leasable Area | 39,972 SF |
| Parking | 123 Spaces | Total Land Area | 7.22 AC |
| Center Properties | 5 | Year Built | 1999 |
| Total Space Available | 1,360 SF |
| Center Type | Neighborhood Center |
| Parking | 123 Spaces |
| Center Properties | 5 |
| Frontage | Gratiot Ave |
| Gross Leasable Area | 39,972 SF |
| Total Land Area | 7.22 AC |
| Year Built | 1999 |
ABOUT THE PROPERTY
Outstanding retail opportunity located at the signalized intersection at the SWC of 8 Mile and Gratiot Avenue. Surrounded by strong and national and local retailers, the site offers excellent demographics, heavy daily traffic, and multiple curb cuts for superior accessibility. Perfect for retail, quick-service, or specialty uses seeking prime exposure in a densely populated area.
NEARBY MAJOR RETAILERS
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8 Mile & Gratiot | 15405 Gratiot Ave
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