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Livonia Plaza 30949-30997 5 Mile Rd

23,800 SF of Retail Space Available in Livonia, MI 48154

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Highlights

Anchored by a strong sales volume Kroger grocery store which has expanded three times to meet customer demands.
2.1 million visits to the shopping center in the past 12 months according to Placer.ai data.

Other national tenants include Pearle Vision, Great Clips, Sally Beauty and Tropical Smoothie.

Space Availability (1)

Display Rental Rate as

1st Floor, Ste MAJ-B
23,800 SF
Negotiable
$11.50 /SF/YR $0.96 /SF/MO $123.78 /m²/YR $10.32 /m²/MO $22,808 /MO $273,700 /YR
Triple Net (NNN)

Space Use

Retail

Condition

Full Build-Out

Availability

Now

Retail box space available.

Lease rate does not include utilities, property expenses or building services
Fully Built-Out as Standard Retail Space
Located in-line with other retail
Central Air Conditioning
Anchored by Kroger.

Space	Size		Term	Rental Rate	Rent Type
1st Floor, Ste MAJ-B	23,800 SF		Negotiable	$11.50 /SF/YR $0.96 /SF/MO $123.78 /m²/YR $10.32 /m²/MO $22,808 /MO $273,700 /YR	Triple Net (NNN)

Size

23,800 SF

Term

Negotiable

Rental Rate

$11.50 /SF/YR $0.96 /SF/MO $123.78 /m²/YR $10.32 /m²/MO $22,808 /MO $273,700 /YR

Rent Type

Triple Net (NNN)

Space Use

Retail

Condition

Full Build-Out

Availability

Now

Retail box space available.

Lease rate does not include utilities, property expenses or building services
Fully Built-Out as Standard Retail Space
Located in-line with other retail
Central Air Conditioning
Anchored by Kroger.

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 30949-30997 5 Mile Rd , Livonia, MI 48154

Property Type	Retail	Total Land Area	7.71 AC
Property Subtype	Storefront	Year Built/Renovated	1988/2013
Gross Leasable Area	66,656 SF	Parking Ratio	4.98/1,000 SF

Property Type	Retail
Property Subtype	Storefront
Gross Leasable Area	66,656 SF
Total Land Area	7.71 AC
Year Built/Renovated	1988/2013
Parking Ratio	4.98/1,000 SF

About the Property

Anchored by expanded, strong sales volume Kroger, Livonia Plaza offers space for lease on one of the area's most developed retail corridors in Livonia, Michigan, approximately 18 miles NW of Detroit.