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388 S Broadway St 2,578 SF of Retail Space Available in Lake Orion, MI 48362
Highlights
- High-visibility location directly on M-24 with daily traffic of approximately 45,186 vehicles.
- Surrounded by national retailers including CVS, McDonald’s, AutoZone, and Starbucks.
- MU zoning supports a variety of potential uses such as retail, office, and mixed-use concepts.
- Large 0.55-acre parcel offering flexible development or operational configurations.
- Within walking distance to Lake Orion’s 500-acre all-sports lake and active residential neighborhoods.
- Established trade area demographics with strong household income levels and continued growth projections.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,578 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
2,578 SF Former Wendy's location available for sale and lease.
- Fully Built-Out as a Fast Food Restaurant
- Space is an outparcel at this property
- Central Air Conditioning
- Drive Thru
- Display Window
- Drive-thru
- Ample parking.
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 388 S Broadway St, Lake Orion, MI 48362
- Tenant
- Description
- US Locations
- Reach
- Wendy's
- Fast-food
- 5,844
- International
| Tenant | Description | US Locations | Reach |
| Wendy's | Fast-food | 5,844 | International |
Property Facts
| Total Space Available | 2,578 SF | Gross Leasable Area | 2,578 SF |
| Property Type | Retail | Year Built | 1980 |
| Property Subtype | Fast Food | Parking Ratio | 10/1,000 SF |
| Total Space Available | 2,578 SF |
| Property Type | Retail |
| Property Subtype | Fast Food |
| Gross Leasable Area | 2,578 SF |
| Year Built | 1980 |
| Parking Ratio | 10/1,000 SF |
About the Property
This highly visible property on South Broadway offers unbeatable positioning for retail, service, or office tenants in downtown Lake Orion. The flexible layout and ample parking create opportunities for a range of users, while prominent frontage along a major traffic route ensures strong branding potential. Businesses will benefit from steady local patronage and daily traffic counts exceeding 45,000 vehicles, supported by a well-established mix of adjacent national retailers and restaurants. With direct access to M-24 and proximity to major community amenities, tenants can capitalize on Lake Orion’s active population and recreational hubs. The parcel’s generous size provides convenience and circulation for customers, making it a strong choice for operators seeking a connected and functional location in a growing submarket.
- Signage
- Drive Thru
Nearby Major Retailers
Contact the Leasing Agent
388 S Broadway St