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5551-5549 28th St SE 1,500 SF of Retail Space Available in Grand Rapids, MI 49512
Sublease Highlights
- 1,500-square-foot endcap retail space with drive-thru.
- Located along 28th Street SE near I-96 in Grand Rapids.
- High visibility and strong traffic counts in a dense trade area.
- Former Caribou Coffee location with existing café infrastructure.
- Surrounded by national and regional retailers and restaurants.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 1,500 SF | 12’ | Nov 2033 | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
This 1,500-square-foot endcap retail space with a drive-thru is available for sublease along the high-traffic 28th Street SE corridor in Grand Rapids. Formerly occupied by Caribou Coffee, the property offers excellent visibility, ample parking, and strong daytime traffic, making it ideal for a variety of food, beverage, retail, or service-oriented uses. The site is located just off I-96 in a dense residential and daytime population area, providing consistent customer flow. Positioned in a well-traveled corridor with approximately 23,000 vehicles per day, the property is surrounded by a mix of national and regional retailers, restaurants, and neighborhood services, creating a strong co-tenancy environment.
- Sublease space available from current tenant
- Fully Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Finished Ceilings: 12’
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 5551-5549 28th St SE, Grand Rapids, MI 49512
- Tenant
- Description
- US Locations
- Reach
- Caribou Coffee
- Coffee
- 741
- International
- QDOBA
- Fast-food
- 1,051
- International
| Tenant | Description | US Locations | Reach |
| Caribou Coffee | Coffee | 741 | International |
| QDOBA | Fast-food | 1,051 | International |
Property Facts
| Total Space Available | 1,500 SF | Total Land Area | 0.82 AC |
| Property Type | Retail | Year Built | 2015 |
| Gross Leasable Area | 4,369 SF | Parking Ratio | 10.07/1,000 SF |
| Total Space Available | 1,500 SF |
| Property Type | Retail |
| Gross Leasable Area | 4,369 SF |
| Total Land Area | 0.82 AC |
| Year Built | 2015 |
| Parking Ratio | 10.07/1,000 SF |
Features and Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
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5551-5549 28th St SE
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