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42768 Grand River Ave
1,100 - 18,837 SF of 4-Star Retail Space Available in Novi, MI 48375
Highlights
- Unique collection of Asian-inspired retail and restaurants.
- Brand new construction, including Japanese-inspired gardens surrounding a unique pond.
- 45,000 sf of retail, restaurant and service space and over 130 new townhome apartments.
Space Availability (8)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste C-120 | 1,100 SF | 10-20 Years | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste C-150 | 2,999 SF | 10-20 Years | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste C-160 | 2,505 SF | 10-20 Years | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste D- 160 | 3,040 SF | 10 Years | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 1st Floor, Ste D-110 | 4,003 SF | 10 Years | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Net | ||
| 1st Floor, Ste D-120 | 2,135 SF | 5-10 Years | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Net | ||
| 1st Floor, Ste D-140 | 1,520 SF | 10 Years | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Net | ||
| 1st Floor, Ste D-150 | 1,535 SF | 10 Years | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Net |
1st Floor, Ste C-120
Great location.
- Located in-line with other retail
- Central Air Conditioning
1st Floor, Ste C-150
Great location.
- Located in-line with other retail
- Space In Need of Renovation
- Central Air Conditioning
1st Floor, Ste C-160
High end, mixed-use regional destination with a curated mix of retail, lifestyle services, entertainment tenants, first-in-class restaurants and more along with brand new residential townhomes.
- Partially Built-Out as Standard Retail Space
- Central Air Conditioning
- Corner Space
1st Floor, Ste D- 160
Great location.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Corner Space
1st Floor, Ste D-110
Great location.
- Lease rate does not include certain property expenses
- Corner Space
1st Floor, Ste D-120
Great location.
- Lease rate does not include certain property expenses
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air Conditioning
1st Floor, Ste D-140
Great location.
- Lease rate does not include certain property expenses
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air Conditioning
1st Floor, Ste D-150
Great location.
- Lease rate does not include certain property expenses
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air Conditioning
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 42768 Grand River Ave, Novi, MI 48375
- Clawsome
- Dancing Pine Korean Steakhouse
- Mikiya Wagyu Shabu House
- Presotea
PROPERTY FACTS FOR 42768 Grand River Ave , Novi, MI 48375
| Property Type | Retail | Year Built | 2025 |
| Property Subtype | Retail | Construction Status | Under Construction |
| Gross Leasable Area | 13,102 SF |
| Property Type | Retail |
| Property Subtype | Retail |
| Gross Leasable Area | 13,102 SF |
| Year Built | 2025 |
| Construction Status | Under Construction |
About the Property
New construction in the heart of downtown Novi with over over 45,000 sf of commercial space. Sakura Novi will attract locals and visitors from throughout the Midwest and will feature a unique collection of retail and restaurants; featuring a pond with lush landscaping a walk-able trail, children's play area and much more including 130 town homes.
Nearby Major Retailers
-
Michelle Shafir -
G. Scott Aikens -
Robert B. Aikens & Associates, LLC.
Presented by
42768 Grand River Ave
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