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ERIC SZERLAG Senior Associate [email protected] FRANK RAKIPI Senior Associate [email protected] EXCLUSIVELY LISTED BY: LAKE POINT PLAZA FOR LEASE 40320 5 MILE ROAD, NORTHVILLE, MI 48170

LAKE POINT PLAZA FOR LEASE - LoopNet€¦ · OCCUPANTS Dominos, French Toast Bistro, Kaizen BJJ Plymouth Jiu-Jitsu, Enjoy Nails, and A&A Cleaners MARKET Southern I-275 Corridor TRAFFIC

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Page 1: LAKE POINT PLAZA FOR LEASE - LoopNet€¦ · OCCUPANTS Dominos, French Toast Bistro, Kaizen BJJ Plymouth Jiu-Jitsu, Enjoy Nails, and A&A Cleaners MARKET Southern I-275 Corridor TRAFFIC

ERIC SZERLAGSenior Assoc ia teeszer [email protected]

FRANK RAKIPISenior Assoc ia tef rak ip [email protected]

EXCLUSIVELY LISTED BY:

LAKE POINT PLAZAFOR LEASE

40320 5 MILE ROAD, NORTHVILLE, MI 48170

Page 2: LAKE POINT PLAZA FOR LEASE - LoopNet€¦ · OCCUPANTS Dominos, French Toast Bistro, Kaizen BJJ Plymouth Jiu-Jitsu, Enjoy Nails, and A&A Cleaners MARKET Southern I-275 Corridor TRAFFIC

E X E C U T I V E S U M M A R Y : Lake Point Plaza | Northville, MI 48170

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 2

DEMOGRAPHICS 1 Mile 3 Miles 5 Miles

Total Households: 2,995 27,519 79,677

Total Population: 7,189 66,531 199,042

Average HH Income: $91,130 $88,825 $92,230

PROPERTY HIGHLIGHTS

• Well Maintained Strip Center

• Renovations Planned

• Densely Populated Area

• Join Dominos & French Toast Bistro

• Excellent Demographics

• Strong Traffic Generators

OFFERING SUMMARY

Available SF: 1,200 - 2,400 SF

Lease Rate: $15.00 SF/yr (NNN)

Year Built: 1987

Building Size: 14,023 SF

Renovated: 2003

Submarket: Southern I-275 Corridor

Page 3: LAKE POINT PLAZA FOR LEASE - LoopNet€¦ · OCCUPANTS Dominos, French Toast Bistro, Kaizen BJJ Plymouth Jiu-Jitsu, Enjoy Nails, and A&A Cleaners MARKET Southern I-275 Corridor TRAFFIC

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 3

PROPERTY NAME: Lake Point Plaza

PROPERTY ADDRESS: 40320 5 Mile RoadNorthville, MI 48170

PROPERTY TYPE: Retail

APN: 77-051-99-0174-708

ZONING: B-1: Local Business

2016 TAXES: $24,839.95

YEAR BUILT: 1987/ Reno 2003

Renovations Coming Soon!

NUMBER OF STORIES: 1

SURROUNDING BUSINESSES: Kroger, Cantoro Italian Market, Tanger Field, Tutor Time of Plymouth, Oasis Golf Center,McDonald's, and many more

LAND LEGAL DESCRIPTION: 13L1A1B PT OF SW 1/4 SEC 13 T1S R8E DESC AS BEG N 89D 33M 30S E 2236.50 FT AND N00D 34M 55S W 60 FT FRIN SW COR SEC 13 TH N 00D 34M 55S W 213 FT TH N 89D 33M 30SE 306.42 FT TH S 00D 19M 28S E 18.38 FT TH S 89D 33M 30S W 18.60 FT TH S 00D 19M 28S E194.62 FT TH S 89D 33M 30S W 286.86 FT TO POB 1.41 AC

OCCUPANTS Dominos, French Toast Bistro, Kaizen BJJ Plymouth Jiu-Jitsu, Enjoy Nails, and A&A Cleaners

MARKET Southern I-275 Corridor

TRAFFIC COUNT & STREETS: 10,119 VPD on 5 Mile and 22,631 VPD on Haggerty (Source: CoStar 2015 counts)

BUILDING SIZE: 14,023 SF

P R O P E R T Y D E TA I L S : Lake Point Plaza | Northville, MI 48170

Page 4: LAKE POINT PLAZA FOR LEASE - LoopNet€¦ · OCCUPANTS Dominos, French Toast Bistro, Kaizen BJJ Plymouth Jiu-Jitsu, Enjoy Nails, and A&A Cleaners MARKET Southern I-275 Corridor TRAFFIC

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 4

SPACE SPACE USE LEASE RATE LEASE TYPE SIZE (SF) TERM COMMENTS

A Neighborhood Center $15.00 SF/YR NNN 1,200 - 2,400 SF Negotiable Can be combined for 2,400SF contiguous

B Neighborhood Center $15.00 SF/YR NNN 1,200 - 2,400 SF Negotiable Can be combined for 2,400SF contiguous

C Neighborhood Center $15.00 SF/YR NNN 1,400 SF Negotiable

D Neighborhood Center $15.00 SF/YR NNN 1,200 SF Negotiable

AVA I L A B L E S PA C E S : Lake Point Plaza | Northville, MI 48170

Page 5: LAKE POINT PLAZA FOR LEASE - LoopNet€¦ · OCCUPANTS Dominos, French Toast Bistro, Kaizen BJJ Plymouth Jiu-Jitsu, Enjoy Nails, and A&A Cleaners MARKET Southern I-275 Corridor TRAFFIC

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 5

A D D I T I O N A L P H O T O S : Lake Point Plaza | Northville, MI 48170

Page 6: LAKE POINT PLAZA FOR LEASE - LoopNet€¦ · OCCUPANTS Dominos, French Toast Bistro, Kaizen BJJ Plymouth Jiu-Jitsu, Enjoy Nails, and A&A Cleaners MARKET Southern I-275 Corridor TRAFFIC

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 6

R E TA I L E R M A P : Lake Point Plaza | Northville, MI 48170

Page 7: LAKE POINT PLAZA FOR LEASE - LoopNet€¦ · OCCUPANTS Dominos, French Toast Bistro, Kaizen BJJ Plymouth Jiu-Jitsu, Enjoy Nails, and A&A Cleaners MARKET Southern I-275 Corridor TRAFFIC

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 7

L O C AT I O N M A P S : Lake Point Plaza | Northville, MI 48170

Page 8: LAKE POINT PLAZA FOR LEASE - LoopNet€¦ · OCCUPANTS Dominos, French Toast Bistro, Kaizen BJJ Plymouth Jiu-Jitsu, Enjoy Nails, and A&A Cleaners MARKET Southern I-275 Corridor TRAFFIC

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 8

* Demographic data derived from 2010 US Census

POPULATION 1 MILE 3 MILES 5 MILESTOTAL POPULATION 7,189 66,531 199,042MEDIAN AGE 45.8 43.8 41.8MEDIAN AGE (MALE) 43.9 41.5 40.2MEDIAN AGE (FEMALE) 47.9 45.4 43.1

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILESTOTAL HOUSEHOLDS 2,995 27,519 79,677# OF PERSONS PER HH 2.4 2.4 2.5AVERAGE HH INCOME $91,130 $88,825 $92,230AVERAGE HOUSE VALUE $270,580 $252,229 $269,025

D E M O G R A P H I C S M A P : Lake Point Plaza | Northville, MI 48170