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Lighthouse Plaza 2726 11th St 3,000 SF of Retail Space Available in Niles, MI 49120
HIGHLIGHTS
- End-Cap with Possible Drive-Thru
- Near University of Notre Dame
- National & Regional Co-Tenants
- High-Traffic Location
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 3,000 SF | 5 Years | $19.00 /SF/YR $1.58 /SF/MO $57,000 /YR $4,750 /MO | Triple Net (NNN) |
2726 11th St - Ground
Fully built out restaurant space for lease
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
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.
SITE PLAN
PROPERTY FACTS
| Total Space Available | 3,000 SF | Frontage | 335’ on 11th St |
| Center Type | Strip Center | Gross Leasable Area | 24,375 SF |
| Parking | 68 Spaces | Total Land Area | 2.12 AC |
| Center Properties | 1 | Year Built | 2007 |
| Total Space Available | 3,000 SF |
| Center Type | Strip Center |
| Parking | 68 Spaces |
| Center Properties | 1 |
| Frontage | 335’ on 11th St |
| Gross Leasable Area | 24,375 SF |
| Total Land Area | 2.12 AC |
| Year Built | 2007 |
ABOUT THE PROPERTY
Niles is a city located on the banks of the St. Joseph River in Berrien County, Southwest Michigan. According to the U.S. Census, the city’s population was 11,200 as of 2017 and encompasses a total land area of 5.95 square miles, surrounded by Niles Township. Residents enjoy a multitude of recreational amenities such as parks and nature preserves, farmers markets, antique stores, wineries, and lakes. The city of Niles is located fifteen minutes from the city of South Bend, ninety minutes from Chicago, and three-and-a-half hours from Detroit. Highway M-51 runs through the city, as well as U.S. Route 12. As a logistical thoroughfare, it has mostly been supplanted by nearby I-90 and I-94, but remains an important road for local and regional travel.
- Dedicated Turn Lane
- Pylon Sign
- Signage
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Lighthouse Plaza | 2726 11th St
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