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3521 Grape Rd 5,456 SF of Retail Space Available in Mishawaka, IN 46545
HIGHLIGHTS
- Perfect location just south of the University Park Mall trade area.
- (US 20), 3 miles from SR 331 and SR 23, 5 miles from the I-80/90 Toll Rd. exit.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,456 SF | 3-10 Years | $37.55 CAD/SF/YR $3.13 CAD/SF/MO $204,874 CAD/YR $17,073 CAD/MO | Triple Net (NNN) |
1st Floor
Retail and Office Space, Service Bays, Gated Rear Lot. Lease term expires 11/30/2026. High profile location near the corner of Grape and Edison Roads in the south end of Grape Road retail corridor. There are high traffic counts of approximately 16,500 vehicles daily, with great visibility, easy access via a signalized intersection, and pylon signage.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Space is in Excellent Condition
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 | 5,456 SF | Gross Leasable Area | 5,368 SF |
| Property Type | Retail | Year Built | 1999 |
| Property Subtype | Auto Dealership | Parking Ratio | 18.33/1,000 SF |
| Total Space Available | 5,456 SF |
| Property Type | Retail |
| Property Subtype | Auto Dealership |
| Gross Leasable Area | 5,368 SF |
| Year Built | 1999 |
| Parking Ratio | 18.33/1,000 SF |
ABOUT THE PROPERTY
Free-standing retail building currently used by JD Byrider auto dealership. Large front parking lot on 1.78 AC with gated rear lot. 5,456 SF building is comprised of two sections with a large sales/office area in the front half of building and five service bays with service reception in the rear half. In front half: 3 private offices, open area with 4 built-out cubicles, another office area with room for cubicles, main entry door to sales area, reception door with reception off of sales area, side door off of northern end of sales area, phone & data room, one restroom; in rear half: restroom, utility closet, services reception room with small office and side entry door on southern end, service bays with five 10’x10’ OH doors, small mezzanine storage on southern end of building, rear entry door, and north-side entry door. Clear height 12’+/-. Mixture of LED and halogen lighting throughout. One original roof unit serving the sales/office area, one +/-5-year-old HVAC unit serving the services reception area and small office in rear, and radiant heat in services area. Original roof with no known leaks. 240 amp power with 7 220 amp outlets in services area. Multiple 900 lb lifts. Oil/water separator.
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
Presented by
Omari Auto Sales
3521 Grape Rd
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