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Corner @ Drake 5100 Century Ave 900 SF of Retail Space Available in Kalamazoo, MI 49006
Highlights
- The property is adjacent to Costco and Trader Joe's
- The building is visible from Drake Road
- Also located near Western Michigan University
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste B | 900 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1700 N Drake Rd - 1st Floor - Ste B
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 Corner @ Drake
- Tenant
- Description
- US Locations
- Reach
- Chow Hound
- Retailer
- 1
- -
- Costco
- Retailer
- -
- -
- Menchie's Frozen Yogurt
- Retailer
- -
- -
- Nonla Burger
- Accommodation and Food Services
- -
- -
- Olga's Kitchen
- Retailer
- -
- -
- Trader Joe's
- Supermarket
- 728
- National
| Tenant | Description | US Locations | Reach |
| Chow Hound | Retailer | 1 | - |
| Costco | Retailer | - | - |
| Menchie's Frozen Yogurt | Retailer | - | - |
| Nonla Burger | Accommodation and Food Services | - | - |
| Olga's Kitchen | Retailer | - | - |
| Trader Joe's | Supermarket | 728 | National |
Property Facts
| Total Space Available | 900 SF | Gross Leasable Area | 282,520 SF |
| Center Type | Community Center | Total Land Area | 49.60 AC |
| Parking | 250 Spaces | Year Built | 2014 |
| Center Properties | 9 |
| Total Space Available | 900 SF |
| Center Type | Community Center |
| Parking | 250 Spaces |
| Center Properties | 9 |
| Gross Leasable Area | 282,520 SF |
| Total Land Area | 49.60 AC |
| Year Built | 2014 |
About the Property
Corner@Drake is a premier new retail development located at the northeast quadrant of U.S. 131 and Stadium Drive in Kalamazoo. The completed project includes new roadways, utilities, and infrastructure to serve the development, as well as a landmark stone wall fronting Stadium Drive and Drake Road. Corner@Drake also has excellent access to the entire Kalamazoo region, including Western Michigan University, Kalamazoo College, KVCC, and the WMU School of Medicine. The development is anchored by Costco and Trader Joe's. In addition, Sportsman's Warehouse, opened a new 50,000 square foot retail store in the spring of 2020. Spaces available include in-line, end-cap, and drive-through options. All offer great access to the entire Costco-anchored Corner@Drake development. With a strong foundation already in place, Corner@Drake is positioned to become the new destination for Kalamazoo retailers, restaurants, and more. For more information, please contact Curt Aardema at (269)329-3656.
Nearby Major Retailers
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Corner @ Drake | 5100 Century Ave
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