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45420 Michigan Ave 2,991 SF of Retail Space Available in Canton Township, MI 48188
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,991 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
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 45420 Michigan Ave, Canton Township, MI 48188
- Tenant
- Description
- US Locations
- Reach
- Comerica
- Bank
- 404
- International
- Fifth Third Bank
- Bank
- 1,621
- International
| Tenant | Description | US Locations | Reach |
| Comerica | Bank | 404 | International |
| Fifth Third Bank | Bank | 1,621 | International |
Property Facts
| Total Space Available | 2,991 SF | Gross Leasable Area | 4,385 SF |
| Property Type | Retail | Year Built | 2002 |
| Property Subtype | Bank | Parking Ratio | 5.7/1,000 SF |
| Total Space Available | 2,991 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 4,385 SF |
| Year Built | 2002 |
| Parking Ratio | 5.7/1,000 SF |
About the Property
Ave (US-12). Formerly operated as Comerica Bank for 20+ years, it was recently converted to a Fifth Third Bank branch. Fifth Third just announced the closing of 75 locations in Michigan. Because of the tremendous business generated at this branch, they have selected this location to remain open as a Fifth Third Bank branch, and they have already proposed a lease extension, beginning in 2027. Access, visibility and convenience set this location apart from all other retail buildings in the area. The development includes several users that will generate very high daily traffic counts for all of the tenants on the property. 7-Eleven, Quick Pass Care Wash and Mobil Gas have already built on the site and are operating. The three remaining pads are each approximately one acre in size, enjoy common curb cuts and drives, and the development sits directly across from the entrance to the major retail development in the area.
- Signage
- Drive Thru
Nearby Major Retailers
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45420 Michigan Ave
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