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2051-2325 18 Mile Rd 2,930 SF of Retail Space Available in Sterling Heights, MI 48314
Sublease Highlights
- QSR / Ideal For Fast-Casual Concept
- Value-Add Former Restaurant Bar / Space
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,930 SF | Nov 2027 | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Former Oscar’s Bar & Eatery space offering a rare second-generation restaurant opportunity with substantial existing restaurant infrastructure in place. The property features an existing kitchen buildout, bar area, and restaurant layout, allowing a new operator to significantly reduce buildout costs and accelerate time to opening. The site is strategically positioned within a dominant retail corridor anchored by Kroger and Edge Fitness, generating strong daily consumer traffic and consistent footfall throughout the day. The property benefits from immediate proximity to numerous national and regional retailers including McDonald’s, Taco Bell, major banking institutions, and additional high-performing retail tenants, creating a highly synergistic retail environment. This location sits directly between two high-traffic anchors, providing excellent visibility, strong co-tenancy, and consistent consumer draw from both grocery and fitness traffic. The surrounding tenant mix drives steady morning, lunch, and evening traffic, making the site particularly attractive for QSR, fast-casual, or full-service restaurant operators. An assumable lease structure provides a unique opportunity for an incoming operator to step into an established retail location with significantly reduced startup costs and timeline. Given the strength of the surrounding national tenancy, strong demographics, and the limited availability of second-generation restaurant spaces in the trade area, this represents a compelling opportunity for national, regional, or experienced local operators seeking immediate market entry or expansion.
- Sublease space available from current tenant
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 2051-2325 18 Mile Rd, Sterling Heights, MI 48314
- Tenant
- Description
- US Locations
- Reach
- ATI Physical Therapy
- Health Care
- 1,066
- National
- beautiLofts
- Salon/Barber/Spa
- 2
- Local
- Edge Fitness
- Fitness
- 73
- National
- Kroger
- Supermarket
- 1,866
- National
- Oscar's Bar & Restaurant
- Accommodation and Food Services
- 1
- -
- Pet Supplies Plus
- Pet Shop/Supplies
- 960
- National
| Tenant | Description | US Locations | Reach |
| ATI Physical Therapy | Health Care | 1,066 | National |
| beautiLofts | Salon/Barber/Spa | 2 | Local |
| Edge Fitness | Fitness | 73 | National |
| Kroger | Supermarket | 1,866 | National |
| Oscar's Bar & Restaurant | Accommodation and Food Services | 1 | - |
| Pet Supplies Plus | Pet Shop/Supplies | 960 | National |
Property Facts
| Total Space Available | 2,930 SF | Total Land Area | 17.00 AC |
| Property Type | Retail | Year Built/Renovated | 1976/1991 |
| Property Subtype | Freestanding | Parking Ratio | 5.18/1,000 SF |
| Gross Leasable Area | 202,892 SF | Cross Streets | Dequindre Rd |
| Total Space Available | 2,930 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 202,892 SF |
| Total Land Area | 17.00 AC |
| Year Built/Renovated | 1976/1991 |
| Parking Ratio | 5.18/1,000 SF |
| Cross Streets | Dequindre Rd |
About the Property
Former Oscar’s Bar & Eatery space offering a rare second-generation restaurant opportunity with substantial existing restaurant infrastructure in place. The property features an existing kitchen buildout, bar area, and restaurant layout, allowing a new operator to significantly reduce buildout costs and accelerate time to opening. The site is strategically positioned within a dominant retail corridor anchored by Kroger and Edge Fitness, generating strong daily consumer traffic and consistent footfall throughout the day. The property benefits from immediate proximity to numerous national and regional retailers including McDonald’s, Taco Bell, major banking institutions, and additional high-performing retail tenants, creating a highly synergistic retail environment. This location sits directly between two high-traffic anchors, providing excellent visibility, strong co-tenancy, and consistent consumer draw from both grocery and fitness traffic. The surrounding tenant mix drives steady morning, lunch, and evening traffic, making the site particularly attractive for QSR, fast-casual, or full-service restaurant operators. An assumable lease structure provides a unique opportunity for an incoming operator to step into an established retail location with significantly reduced startup costs and timeline. Given the strength of the surrounding national tenancy, strong demographics, and the limited availability of second-generation restaurant spaces in the trade area, this represents a compelling opportunity for national, regional, or experienced local operators seeking immediate market entry or expansion.
- Pylon Sign
- Signage
Nearby Major Retailers
Presented by
ICON Realty Experts, LLC
2051-2325 18 Mile Rd
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