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2375 28th St SW 2,100 - 10,855 SF of Retail Space Available in Wyoming, MI 49519
Highlights
- Available for Lease, Ground Lease, or BTS
- Hard Signalized Corner with access on 2 streets
- Variety of permitted uses
- High Traffic - Approx 50k VPD
- 1.3 acres
- Existing building or parcel could be divided
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,100-10,855 SF | Negotiable | $17.00 /SF/YR $1.42 /SF/MO $184,535 /YR $15,378 /MO | Triple Net (NNN) |
1st Floor
Former CVS building available on the hard signalized corner of 28th St SW and Byron Center Ave. The property consists of 1.3 acres with three points of ingress/egress and 260’ of frontage on 28th St SW. With its prime corner location, large lot and exceptional visibility, the property at 2375 28th St lends itself well to a variety of new uses. The building is modern, well-maintained and offers a robust space solution. It also offers a high degree of flexibility, as the space could be demised into smaller units. This property is also being offered for Ground Lease, with the possibility of splitting the lot into 2 separate parcels with shared access and parking, or Owner will look at doing a Build-to-Suit for the right Tenant. With combined traffic counts on 28th St and Byron Center Ave at 50k VPD, this is an ideal spot for a national tenant to establish a strong presence in this underserved retail corridor. Also available for Ground Lease at $150k/ Year
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
- Drive Thru
- Also Available for Sale or Ground lease
- Lot Can Possibly Be Divided
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 | 10,855 SF | Gross Leasable Area | 10,880 SF |
| Min. Divisible | 2,100 SF | Year Built | 2003 |
| Property Type | Retail | Parking Ratio | 4.78/1,000 SF |
| Property Subtype | Drug Store | Cross Streets | Byron Center |
| Total Space Available | 10,855 SF |
| Min. Divisible | 2,100 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 10,880 SF |
| Year Built | 2003 |
| Parking Ratio | 4.78/1,000 SF |
| Cross Streets | Byron Center |
About the Property
Former CVS building available on the hard signalized corner of 28th St SW and Byron Center Ave. The property consists of 1.3 acres with three points of ingress/egress and 260’ of frontage on 28th St SW. With its prime corner location, large lot and exceptional visibility, the property at 2375 28th St lends itself well to a variety of new uses. The building is modern, well-maintained and offers a robust space solution. It also offers a high degree of flexibility, as the space could be demised into smaller units. This property is also being offered for Ground Lease, with the possibility of splitting the lot into 2 separate parcels with shared access and parking, or Owner will look at doing a Build-to-Suit for the right Tenant. With combined traffic counts on 28th St and Byron Center Ave at 50k VPD, this is an ideal spot for a national tenant to establish a strong presence in this underserved retail corridor.
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
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2375 28th St SW
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