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4243 Coolidge Hwy 1,400 SF of Retail Space Available in Royal Oak, MI 48073
HIGHLIGHTS
- Salon Ready-to-Go
- Private parking for convenience
- Immediate occupancy
- Ample natural lighting
- Prime location in Royal Oak
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,400 SF | Negotiable | $33.50 CAD/SF/YR $2.79 CAD/SF/MO $46,903 CAD/YR $3,909 CAD/MO | Triple Net (NNN) |
1st Floor
Formerly Cozy Nails & Spa – This space is now available for immediate occupancy. It features plumbing ready for multiple wash bowls, as well as an existing hand wash sink in the salon area. The layout includes one private service room, two lavatories, a washer and dryer, and a mixing room. The unit boasts newer LVT flooring and is ready for a new tenant.
- 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
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.
SITE PLAN
SELECT TENANTS AT 4243 COOLIDGE HWY, ROYAL OAK, MI 48073
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Cathy & Co
- Salon/Barber/Spa
- 1
- -
- Cozy Nails & Spa
- Services
- 1
- -
- Essential Nail Studio LLC
- Services
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Cathy & Co | Salon/Barber/Spa | 1 | - |
| Cozy Nails & Spa | Services | 1 | - |
| Essential Nail Studio LLC | Services | 1 | - |
PROPERTY FACTS
| Total Space Available | 1,400 SF | Gross Leasable Area | 1,400 SF |
| Property Type | Retail | Year Built | 1960 |
| Property Subtype | Freestanding | Parking Ratio | 8.57/1,000 SF |
| Total Space Available | 1,400 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 1,400 SF |
| Year Built | 1960 |
| Parking Ratio | 8.57/1,000 SF |
ABOUT THE PROPERTY
Formerly Cozy Nails & Spa – This space is now available for immediate occupancy. It features plumbing ready for multiple wash bowls, as well as an existing hand-wash sink in the salon area. The layout includes one private service room, two lavatories, a washer and dryer, and a mixing room. The unit boasts newer LVT flooring and is ready for a new tenant. Retail/residential/commercial area (Next to Ray’s Ice Cream). The area surrounding 4243 Coolidge Hwy offers a dynamic mix of retail, dining, and entertainment options. This bustling area attracts a diverse and affluent customer base. Nearby popular destinations like the Detroit Zoo, Royal Oak Music Theatre, and the trendy shops and restaurants along Woodward Avenue provide abundant opportunities for foot traffic and visibility. With easy access to major thoroughfares and proximity to established residential neighborhoods, the location offers a prime setting for retailers to thrive in this energetic market.
- Signage
NEARBY MAJOR RETAILERS
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4243 Coolidge Hwy
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