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The Promenade at Waterstone 860-980 N Lapeer Rd
1,200 - 8,044 SF of Retail Space Available in Oxford, MI 48371
Highlights
- Premier Location on M-24 for National and Strong Regional Tenants
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,568-2,168 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor | 1,200-5,876 SF | Negotiable | $28.35 CAD/SF/YR $2.36 CAD/SF/MO $305.15 CAD/m²/YR $25.43 CAD/m²/MO $13,882 CAD/MO $166,581 CAD/YR | Triple Net (NNN) |
614-626 N Lapeer Rd - 1st Floor
- Partially Built-Out as Standard Retail Space
700 N Lapeer Rd - 1st Floor
5,800 sf Outlot restaurant available Premier location right on M-24, adjacent to Meijer Supercenter Join BoRic's, Tim Hortons and Coldstone Creamery 1 mile North of downtown Oxford
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Space is an outparcel at this property
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.
SELECT TENANTS AT The Promenade at Waterstone
- Bo-Ric's
- Coldstone Creamery
- Tim Horton's
PROPERTY FACTS FOR 860-980 N Lapeer Rd , Oxford, MI 48371
| Min. Divisible | 1,200 SF | Frontage | |
| Center Type | Community Center | Gross Leasable Area | 290,198 SF |
| Parking | 932 Spaces | Total Land Area | 78.03 AC |
| Stores | 5 | Year Built | 2000 |
| Center Properties | 7 |
| Min. Divisible | 1,200 SF |
| Center Type | Community Center |
| Parking | 932 Spaces |
| Stores | 5 |
| Center Properties | 7 |
| Frontage | |
| Gross Leasable Area | 290,198 SF |
| Total Land Area | 78.03 AC |
| Year Built | 2000 |
About the Property
COMING SOON - RETAIL DEVELOPMENT ON +/- 8 ACRES ADJACENT TO MEIJER SUPER CENTER IN GROWING OXFORD TOWNSHIP. EXCELLENT OPPORUNITY FOR NATIONAL AND STRONG REGIONAL TENANTS TO JOIN NEW BUILD CONSTRUCTION IN OXFORD TOWNSHIP LOCATED ADJACENT TO MEIJER, OXFORD HIGH SCHOOL, AND SIGNIFICANT NEW RESIDENTIAL DEVELOPMENT Premier location right on M-24, adjacent to Meijer Supercenter Join BoRic's, Tim Hortons and Coldstone Creamery 1 mile North of downtown Oxford
- Pylon Sign
Nearby Major Retailers
Presented by
The Promenade at Waterstone | 860-980 N Lapeer Rd
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