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Okemos Commercial Bldg with Drive-Thru 1575 W Grand River Ave 1,182 - 6,004 SF of Retail Space Available in Okemos, MI 48864
HIGHLIGHTS
- Up to 6,004 square feet available, including a former bank with a drive-thru.
- Rental rates starting at $18.00 per square foot per year under NNN lease terms.
- Located in a bustling area with easy access to major roads.
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,822 SF | Negotiable | $25.13 CAD/SF/YR $2.09 CAD/SF/MO $121,160 CAD/YR $10,097 CAD/MO | Triple Net (NNN) | ||
| 1st Floor | 1,182 SF | Negotiable | $25.13 CAD/SF/YR $2.09 CAD/SF/MO $29,700 CAD/YR $2,475 CAD/MO | Triple Net (NNN) |
1st Floor
Former Bank Space
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Bank
- Highly Desirable End Cap Space
- Can be combined with additional space(s) for up to 6,004 SF of adjacent space
- Central Air Conditioning
- Drive Thru
- Open Area.
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Can be combined with additional space(s) for up to 6,004 SF of adjacent space
- Central Air Conditioning
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 | 6,004 SF | Gross Leasable Area | 6,004 SF |
| Property Type | Retail | Year Built | 1997 |
| Property Subtype | Freestanding | Parking Ratio | 6.49/1,000 SF |
| Total Space Available | 6,004 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 6,004 SF |
| Year Built | 1997 |
| Parking Ratio | 6.49/1,000 SF |
ABOUT THE PROPERTY
4,822 SF former bank space with drive-thru can be combined with 1,182 SF Baryames Cleaners space for a total of 6,004 SF. Building can be expanded to 10,464 SF. High-profile corner location on Grand River east of Dobie Road, adjacent to Tom's Food Center and across from Sparrow lab. Multiple points of access. Nearby retailers include Home Depot, Target, Kroger, Meridian Mall and Meijer. Strong demographics and high traffic counts.
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
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Okemos Commercial Bldg with Drive-Thru | 1575 W Grand River Ave
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