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Town Center Plaza 5350 S Franklin St
1,520 - 3,120 SF of Retail Space Available in Michigan City, IN 46360
Highlights
- Endcap availability on heavily traveled Franklin Street.
- Located within the largest retail corridors of Michigan City.
- Over 35k Vehicles Per Day on Franklin St.
- Outlot to Menards.
- Surrounding nationals include Meijer, Menards, Walmart, Lowes, Hobby Lobby and many more.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,520 SF | Negotiable | $12.40 CAD/SF/YR $1.03 CAD/SF/MO $133.50 CAD/m²/YR $11.13 CAD/m²/MO $1,571 CAD/MO $18,852 CAD/YR | Triple Net (NNN) | ||
| 1st Floor | 1,600 SF | Negotiable | $12.40 CAD/SF/YR $1.03 CAD/SF/MO $133.50 CAD/m²/YR $11.13 CAD/m²/MO $1,654 CAD/MO $19,845 CAD/YR | Triple Net (NNN) |
1st Floor
1,520 SF endcap available for lease on heavily traveled Franklin Street. NNN Estimated at $8.75 SF.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
1st Floor
1,600 SF inline space previously used by a national pizza brand. NNN Estimated at $8.75 SF.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
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 FOR 5350 S Franklin St , Michigan City, IN 46360
| Property Type | Retail | Total Land Area | 0.71 AC |
| Property Subtype | Storefront | Year Built | 2005 |
| Gross Leasable Area | 6,080 SF | Parking Ratio | 10.69/1,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 6,080 SF |
| Total Land Area | 0.71 AC |
| Year Built | 2005 |
| Parking Ratio | 10.69/1,000 SF |
About the Property
The subject property is located on highly traveled US Highway 421 (Franklin Street) in the heart of the retail trade area. The property is an outlot to Menards and is surrounded by national retails. Last unit available in the building and a great opportunity to locate in the strongest retail corridor of Michigan City, IN.
- Pylon Sign
- Signage
Nearby Major Retailers
Presented by
Town Center Plaza | 5350 S Franklin St
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