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Waterfall Shoppes 5100-5122 28th St 5,000 - 45,000 SF of Retail Space Available in Grand Rapids, MI 49512
Highlights
- Two pads for build to suit. One up to 6,000 sqft the other up to 45,000 sqft
- 100% occupied
- 122,657 square feet of leasable space
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 10,000-40,000 SF | 15-30 Years | $20.00 /SF/YR $1.67 /SF/MO $800,000 /YR $66,667 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 5116 | 5,000 SF | 15-30 Years | $20.00 /SF/YR $1.67 /SF/MO $100,000 /YR $8,333 /MO | Triple Net (NNN) |
5116 28th St SE - 1st Floor
Build To Suit Retail Pad
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
- Space is in Excellent Condition
- Central Air and Heating
- Drive Thru
5116 28th St SE - 1st Floor - Ste 5116
Build To Suit Retail Pad
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
- Space is in Excellent Condition
- Central Air and Heating
- Drive Thru
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
Select Tenants at Waterfall Shoppes
- Tenant
- Description
- US Locations
- Reach
- ALDI
- Discount Grocer
- 3,047
- International
- Arby's
- Fast-food
- 3,893
- International
- Bob Evans Restaurants
- Restaurant
- 511
- National
- Dick's Sporting Goods
- Sporting Goods
- 1,140
- International
- GameStop
- Retailer
- -
- -
- Moe's Southwest Grill
- Fast-food
- 776
- National
| Tenant | Description | US Locations | Reach |
| ALDI | Discount Grocer | 3,047 | International |
| Arby's | Fast-food | 3,893 | International |
| Bob Evans Restaurants | Restaurant | 511 | National |
| Dick's Sporting Goods | Sporting Goods | 1,140 | International |
| GameStop | Retailer | - | - |
| Moe's Southwest Grill | Fast-food | 776 | National |
Property Facts
| Total Space Available | 45,000 SF | Frontage | 1,300’ on 28th St SE |
| Min. Divisible | 5,000 SF | Gross Leasable Area | 417,135 SF |
| Center Type | Power Center | Total Land Area | 46.56 AC |
| Parking | 2802 Spaces | Year Built | 2006 |
| Stores | 17 | Cross Streets | I-96 |
| Center Properties | 10 |
| Total Space Available | 45,000 SF |
| Min. Divisible | 5,000 SF |
| Center Type | Power Center |
| Parking | 2802 Spaces |
| Stores | 17 |
| Center Properties | 10 |
| Frontage | 1,300’ on 28th St SE |
| Gross Leasable Area | 417,135 SF |
| Total Land Area | 46.56 AC |
| Year Built | 2006 |
| Cross Streets | I-96 |
About the Property
First Class power center shadow anchored by Costco, Target, Springhills Suites and Hampton Inn.
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
Presented by
Waterfall Shoppes | 5100-5122 28th St
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