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Retail Outlot 8401 Michigan Rd
500 - 1,000 SF of Retail Space Available in Indianapolis, IN 46268
Highlights
- North Michigan Road: 27,028 ADT
- Great visibility.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 500-1,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
This outlot is .03-.05 acres with the potential for a 500 sf- 1000 sf retail building. Great potential for drive-thru business.
- Space is an outparcel at this property
- Potential building Size: 500 - 1,000 SF
- Outlot size: 0.3 - 0.5 acres
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 8401 Michigan Rd , Indianapolis, IN 46268
| Min. Divisible | 500 SF | Gross Leasable Area | 1,000 SF |
| Property Type | Retail | Parking Ratio | 17/1,000 SF |
| Property Subtype | Freestanding | Construction Status | Proposed |
| Min. Divisible | 500 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 1,000 SF |
| Parking Ratio | 17/1,000 SF |
| Construction Status | Proposed |
About the Property
Outlot sized from 0.3 - 0.5 acres for lease at a negotiable rate and term. Ready for development with the potential building sized from 500 - 1,000 square feet. The property is well located in a major retail hub near established retailers including Walmart, Sams, Costco, etc. North Michigan Road: 27,028 ADT
Nearby Major Retailers
-
Kevin Dick -
Paul Dick, CCIM -
Nicholas R. Miller -
Bradley Company
Presented by
Retail Outlot | 8401 Michigan Rd
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