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Milan Plaza 513-531 W Main St 1,370 - 5,375 SF of Retail Space Available in Milan, MI 48160
HIGHLIGHTS
- Anchored by Kroger, the number one grocer by market share in the Ann Arbor area.
- Located in Milan, which is 16 miles south of Ann Arbor, with an average household income greater than $90,900 in a three-mile radius.
- Additional national and regional tenants include Little Caesars and Ace Hardware.
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 5 | 4,005 SF | Negotiable | $13.96 CAD/SF/YR $1.16 CAD/SF/MO $55,907 CAD/YR $4,659 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 6 | 1,370 SF | Negotiable | $27.92 CAD/SF/YR $2.33 CAD/SF/MO $38,248 CAD/YR $3,187 CAD/MO | Triple Net (NNN) |
513-531 W Main St - 1st Floor - Ste 5
Retail space available.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Anchored by Kroger.
513-531 W Main St - 1st Floor - Ste 6
Retail space available.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air Conditioning
- Anchored by Kroger.
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 | 5,375 SF | Frontage | |
| Center Type | Neighborhood Center | Gross Leasable Area | 71,708 SF |
| Parking | 250 Spaces | Total Land Area | 12.52 AC |
| Center Properties | 1 | Year Built | 1960 |
| Total Space Available | 5,375 SF |
| Center Type | Neighborhood Center |
| Parking | 250 Spaces |
| Center Properties | 1 |
| Frontage | |
| Gross Leasable Area | 71,708 SF |
| Total Land Area | 12.52 AC |
| Year Built | 1960 |
ABOUT THE PROPERTY
Anchored by Kroger and featuring a strong mix of tenants, Milan Plaza is located only 16 miles south of Ann Arbor with great visibility and access from Highway 23.
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Milan Plaza | 513-531 W Main St
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