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Rite Aid Durand 8531 Lansing Rd
11,082 SF of Retail Space Available in Durand, MI 48429
Highlights
- Drive Thru opportunity
- Renovated in 2021
- Ground lease opportunity
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 11,082 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
8531 Lansing Rd - 1st Floor
- Drive Thru
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 8531 Lansing Rd , Durand, MI 48429
| Center Type | Strip Center | Gross Leasable Area | 11,082 SF |
| Parking | 62 Spaces | Total Land Area | 1.57 AC |
| Center Properties | 1 | Year Built | 1998 |
| Center Type | Strip Center |
| Parking | 62 Spaces |
| Center Properties | 1 |
| Gross Leasable Area | 11,082 SF |
| Total Land Area | 1.57 AC |
| Year Built | 1998 |
About the Property
Discover an outstanding leasing opportunity in Durand, MI! Formerly occupied by Rite Aid, this building is equipped with a drive-thru. This prime property offers a well-maintained space with a strategic location, just off the freeway, providing an exceptional platform for retail tenants. Offering 11,082 SF, this space can be leased to one tenant, or can potentially be split for multiple tenants. The property presents an open layout and prominent visibility, ideal for capturing customer attention. With its adaptable design and prime positioning, this space is perfectly suited to meet the needs of a diverse range of retail businesses.
Nearby Major Retailers
Presented by
Rite Aid Durand | 8531 Lansing Rd
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