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
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
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
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
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
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
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
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