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Waverly Plaza 603 N Waverly Rd
1,336 - 5,709 SF of Space Available in Lansing, MI 48917
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 2B | 1,336 SF | Negotiable | $19.81 CAD/SF/YR $1.65 CAD/SF/MO $213.23 CAD/m²/YR $17.77 CAD/m²/MO $2,206 CAD/MO $26,466 CAD/YR | Triple Net (NNN) | ||
| 1st Floor, Ste 3A | 2,253 SF | Negotiable | $19.81 CAD/SF/YR $1.65 CAD/SF/MO $213.23 CAD/m²/YR $17.77 CAD/m²/MO $3,719 CAD/MO $44,632 CAD/YR | Triple Net (NNN) | ||
| 1st Floor, Ste 6 | 2,120 SF | Negotiable | $19.81 CAD/SF/YR $1.65 CAD/SF/MO $213.23 CAD/m²/YR $17.77 CAD/m²/MO $3,500 CAD/MO $41,997 CAD/YR | Triple Net (NNN) |
1st Floor, Ste 2B
Recently remodeled center
- Lease rate does not include utilities, property expenses or building services
- Professionally Managed
- Garage Service Door on Back
1st Floor, Ste 3A
2,253 square foot retail space with a garage Service door on back located in a recently remodeled center. Professionally managed and located on a high traffic corner.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Retail space in professionally managed center
- Recent renovations
- High traffic area
1st Floor, Ste 6
Suite 2B was a former salon Garage Service door on back of Suite 3A Recently remodeled center Professionally managed High traffic corner
- Lease rate does not include utilities, property expenses or building services
- 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 603 N Waverly Rd , Lansing, MI 48917
| Property Type | Retail | Total Land Area | 2.64 AC |
| Property Subtype | Retail | Year Built/Renovated | 1987/2014 |
| Gross Leasable Area | 18,000 SF | Parking Ratio | 4.13/1,000 SF |
| Property Type | Retail |
| Property Subtype | Retail |
| Gross Leasable Area | 18,000 SF |
| Total Land Area | 2.64 AC |
| Year Built/Renovated | 1987/2014 |
| Parking Ratio | 4.13/1,000 SF |
About the Property
602 Waverly Road is a professionally managed retail center located in Lansing, Michigan. Suite 2B was a former salon Garage Service door on back of Suite 3A Recently remodeled center Professionally managed High traffic corner
- Bus Line
- Pylon Sign
- Signage
-
Nick Vlahakis -
NAI Mid-Michigan
Presented by
Waverly Plaza | 603 N Waverly Rd
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