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Southland Shopping Center 842 S State St 2,000 - 10,552 SF of Retail Space Available in Big Rapids, MI 49307
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Rite Aid | 2,000-10,552 SF | Negotiable | $16.75 CAD/SF/YR $1.40 CAD/SF/MO $176,757 CAD/YR $14,730 CAD/MO | Triple Net (NNN) |
836-842 S State St - 1st Floor - Ste Rite Aid
The Rite Aid space located at 842 S State Street is an 11,562 SF retail space is Big Rapids, MI. The property sits just across from Ferris State University at the corner of Perry Avenue and S State Street, providing great exposure and traffic from the university. There is a strong mix of tenants within this center consisting of BIGGBY COFFEE, Tropical Smoothie Cafe, QDOBA, Verizon, and Domino’s. Other features include ample on-site parking, large pylon & building signage, proximity to US-131, and multiple points of ingress/egress. Some of the other nearby businesses include names such as Taco Bell, Planet Fitness, Dunham’s, Harbor Freight, Tractor Supply, Marshalls, Dollar Tree, Meijer, and many others.
- 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
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 SOUTHLAND SHOPPING CENTER
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- BIGGBY Coffee
- Coffee
- 422
- National
- Domino’s
- Pizza
- 9,065
- International
- QDOBA
- Fast-food
- 1,037
- International
- Tropical Smoothie Cafe
- Fast-food
- 2,033
- National
- Verizon Wireless
- Wireless Communications
- 8,464
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| BIGGBY Coffee | Coffee | 422 | National |
| Domino’s | Pizza | 9,065 | International |
| QDOBA | Fast-food | 1,037 | International |
| Tropical Smoothie Cafe | Fast-food | 2,033 | National |
| Verizon Wireless | Wireless Communications | 8,464 | International |
PROPERTY FACTS
| Total Space Available | 10,552 SF | Gross Leasable Area | 28,906 SF |
| Min. Divisible | 2,000 SF | Total Land Area | 2.58 AC |
| Center Type | Strip Center | Year Built | 1957 |
| Parking | 100 Spaces | Cross Streets | S. State @ M-20 |
| Center Properties | 1 |
| Total Space Available | 10,552 SF |
| Min. Divisible | 2,000 SF |
| Center Type | Strip Center |
| Parking | 100 Spaces |
| Center Properties | 1 |
| Gross Leasable Area | 28,906 SF |
| Total Land Area | 2.58 AC |
| Year Built | 1957 |
| Cross Streets | S. State @ M-20 |
ABOUT THE PROPERTY
The Rite Aid space located at 842 S State Street is an 11,562 SF retail space is Big Rapids, MI. The property sits just across from Ferris State University at the corner of Perry Avenue and S State Street, providing great exposure and traffic from the university. There is a strong mix of tenants within this center consisting of BIGGBY COFFEE, Tropical Smoothie Cafe, QDOBA, Verizon, and Domino’s. Other features include ample on-site parking, large pylon & building signage, proximity to US-131, and multiple points of ingress/egress. Some of the other nearby businesses include names such as Taco Bell, Planet Fitness, Dunham’s, Harbor Freight, Tractor Supply, Marshalls, Dollar Tree, Meijer, and many others.
NEARBY MAJOR RETAILERS
CONTACTS
-
Cody Smith -
Thomas Vredevelt -
Mark Ansara -
Advantage Commercial Real Estate Services LLC
Presented by
Southland Shopping Center | 842 S State St
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