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HIGHLIGHTS
- The neighborhood center offers excellent retail space opportunities, including fully built-out or customized spaces to suit user’s needs.
- Shopping center visible to approximately 26,423 vehicles per day on West Main Street.
- Building signage visibility equivalent to billboard advertising costs of $50,247 per year.
- Retail trade area serves a population of over 782,010 people and 42,788 higher education students nearby at Western Michigan University and K College.
- Over 750,000 SF of critical retail and restaurant mass adjacencies to Elks Place Center.
- Skilled local property management works diligently to ensure the success of tenants by providing a professional, well-maintained environment.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 3 | 2,282 SF | Negotiable | $34.90 CAD/SF/YR $2.91 CAD/SF/MO $79,637 CAD/YR $6,636 CAD/MO | Triple Net (NNN) |
5601 W Main St - 1st Floor - Ste 3
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Specialty Space
- Located in-line with other retail
- 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.
SELECT TENANTS AT ELK'S PLAZA
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- H&r Block
- Acctg/Tax Prep
- 13,520
- International
- Mattress Firm
- Furniture/Mattress
- 3,354
- National
- Sherwin-Williams Paints
- Paint/Wallpaper
- 5,811
- International
- Star Nails Spa
- Services
- -
- -
- University Tan U Tan
- Services
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| H&r Block | Acctg/Tax Prep | 13,520 | International |
| Mattress Firm | Furniture/Mattress | 3,354 | National |
| Sherwin-Williams Paints | Paint/Wallpaper | 5,811 | International |
| Star Nails Spa | Services | - | - |
| University Tan U Tan | Services | 1 | - |
PROPERTY FACTS
| Total Space Available | 2,282 SF | Frontage | 231’ on W Main Street |
| Center Type | Strip Center | Gross Leasable Area | 18,004 SF |
| Parking | 67 Spaces | Total Land Area | 2.39 AC |
| Stores | 7 | Year Built | 1984 |
| Center Properties | 1 | Cross Streets | Main Street and Maple Hill Dr |
| Total Space Available | 2,282 SF |
| Center Type | Strip Center |
| Parking | 67 Spaces |
| Stores | 7 |
| Center Properties | 1 |
| Frontage | 231’ on W Main Street |
| Gross Leasable Area | 18,004 SF |
| Total Land Area | 2.39 AC |
| Year Built | 1984 |
| Cross Streets | Main Street and Maple Hill Dr |
ABOUT THE PROPERTY
Elks Place Center is a recently renovated shopping center located in Kalamazoo, Michigan, just east of US-131, near Western Michigan University and Kalamazoo College. The strip center offers excellent retail and service-based office space opportunities, including fully built-out or customized spaces to suit user’s needs. Strategically located along West Main Street, in an expanding retail corridor, this magnificent center features a modern façade with inviting storefronts, extensive landscaping, and decorative vegetation that makes for an ideal location for the community to shop. Several national and local brands already make their home there, including Sherwin-Williams, Mattress Firm, H&R Block, and more. The unparalleled management from The Hinman Company ensures premium service aimed at exceeding expectations. Skilled local property management works diligently to ensure the success of users by providing a professional, well-maintained property to compliment the unique needs of their businesses. Additionally, The Hinman Company has its own team of in-house construction and design professionals standing by to help create thoughtfully designed spaces. Tenants in this center enjoy prominent brand exposure from the more than 26,423 daily drivers that pass through on West Main Street. Pylon and building signage opportunities are available in what may be the most impactful and prominent area of Kalamazoo for retail branding opportunities. The center also benefits from the area’s dense retail including Target, Dunham’s Sports, Aldi, Office Depot, Old Navy, PetSmart, Marshalls, Hobby Lobby, Burlington, Kohl’s, and Lowe’s. Synonymous with destination shopping, Maple Hill Pavilion is located across the street. Customers will appreciate the easy ingress and egress in addition to ample parking and a signalized intersection. Users will benefit from the location’s built-in consumer base that features a mix of demographics, including access to over 20,258 higher-education students. This great location features strong economic demographics that offers all the elements that make for a successful business. In addition to the daytime commuter traffic, a population of over 110,408 people lives within a five-mile radius of the property, with the average household income exceeding $68,916. Oshtemo residents enjoy a mostly quiet suburban atmosphere, filled with large homes and attractive apartment complexes. Located less than 10 minutes west of Downtown Kalamazoo, the Oshtemo area has been rapidly growing with a projected population growth of 3.1% over the next five years. Together these residents make up a total annual consumer spending of over $2.0 billion, $210 million of which was on food and drinking establishments last year. This prominent position and access, along with a high quality of living and friendly business environment, serve to boost the economic growth of Kalamazoo and make it an excellent area to locate a company.
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
NEARBY MAJOR RETAILERS
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Elk's Plaza | 5601 W Main St
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