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1420 Wright Ave 14,820 SF of Retail Space Available in Alma, MI 48801
SUBLEASE HIGHLIGHTS
- Well-located corner site with full signalized access.
- Long remaining sublease term through 2032.
- Strong 5 and 10-mile income + population profiles.
- Strong visibility and established retail footprint.
- Located near major employers and a hospital.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 14,820 SF | Jan 2032 | $13.00 /SF/YR $1.08 /SF/MO $192,660 /YR $16,055 /MO | Triple Net (NNN) |
1st Floor
This well-positioned retail opportunity is ideal for a variety of uses seeking strong visibility, convenient access, and proximity to key demand drivers within the Alma market.
- Sublease space available from current tenant
- 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
- Central Air Conditioning
- Smoke Detector
- Wheelchair Accessible
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
| Total Space Available | 14,820 SF | Total Land Area | 1.89 AC |
| Property Type | Retail | Year Built | 2007 |
| Property Subtype | Drug Store | Parking Ratio | 1.35/1,000 SF |
| Gross Leasable Area | 14,820 SF |
| Total Space Available | 14,820 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 14,820 SF |
| Total Land Area | 1.89 AC |
| Year Built | 2007 |
| Parking Ratio | 1.35/1,000 SF |
ABOUT THE PROPERTY
This former Walgreens offers 14,820 SF of high-visibility retail space strategically positioned at the signalized intersection of Wright Avenue and E. Warwick Drive in Alma, Michigan. Located on the NEC of the intersection, the site benefits from excellent accessibility, full turning movements, and strong daily traffic, with a combined 23,063 vehicles per day passing the property. The building sits in a well-established commercial corridor and is conveniently situated near a major local hospital, supporting steady daytime population and consumer demand. Surrounding demographics provide a solid customer base, with over 33,000 residents and more than 12,000 employees within a 10-mile radius
- 24 Hour Access
- Corner Lot
- Security System
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
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1420 Wright Ave
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