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JCPenney 27150 Novi Rd
74,406 - 148,812 SF of Retail Space Available in Novi, MI 48377
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 74,406 SF | 5-10 Years | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 2nd Floor | 74,406 SF | 5-10 Years | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
This unique opportunity to join the synergy at the 1.72M SF Twelve Oaks Mall, a Simon/Taubman property that is one of the top regional and dining destinations in all of Michigan. Novi is one of Detroit’s most affluent bedroom communities while also being one of the strongest super-regional draws. It is home to multiple Power Centers, Entertainment Attractions, and Major Employers.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Can be combined with additional space(s) for up to 148,812 SF of adjacent space
2nd Floor
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Can be combined with additional space(s) for up to 148,812 SF of adjacent space
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 FOR 27150 Novi Rd , Novi, MI 48377
| Property Type | Retail | Total Land Area | 11.03 AC |
| Property Subtype | Department Store | Year Built | 1987 |
| Gross Leasable Area | 148,812 SF |
| Property Type | Retail |
| Property Subtype | Department Store |
| Gross Leasable Area | 148,812 SF |
| Total Land Area | 11.03 AC |
| Year Built | 1987 |
About the Property
Situated immediately off of heavily traveled I-96, less than 3 miles from 4 highway interchanges of I-96, I-696, I-275, and M-5, providing easy access for travelers driving over 20 minutes in all directions. The building is located at the most heavily trafficked entrance of the Mall.
Nearby Major Retailers
Learn More About Leasing Retail Properties
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JCPenney | 27150 Novi Rd
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