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Highlights
- Located on a busy street, ensuring excellent exposure for businesses.
- Situated in a well-known area with a mix of residential and commercial properties.
- Suitable for various commercial uses, including retail and office space.
- Easy access to major roads and public transportation, enhancing convenience for customers and employees.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
Space | Size | Term | Rental Rate | Rent Type | ||
1st Floor | 1,426 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
Former drug store with secured mezzanine space for pharmacist. Zoned as commercial, many opportunities are available for this space. Owner is open to tenant renovation or improvements.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Convenience Store
- Mostly Open Floor Plan Layout
- Anchor Space
- Central Air and Heating
- Corner Space
- Raised Floor
- Emergency Lighting
- Open-Plan
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 8367 E Jefferson Ave , Detroit, MI 48214
Property Type | Retail | Year Built | 1940 |
Property Subtype | Drug Store | Parking Ratio | 4.21/1,000 SF |
Gross Leasable Area | 1,426 SF |
Property Type | Retail |
Property Subtype | Drug Store |
Gross Leasable Area | 1,426 SF |
Year Built | 1940 |
Parking Ratio | 4.21/1,000 SF |
About the Property
Former drug store at the corner of Iroquois and E Jefferson, on the edge of Indian Village and 10 minutes from downtown Detroit.
- Corner Lot
- Freeway Visibility
- Mezzanine
- Tenant Controlled HVAC
- Air Conditioning
DEMOGRAPHICS
Demographics
Nearby Major Retailers
Presented by
8367 E Jefferson Ave
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