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1805 & 1809 S. Philo Rd. 1803-1809 Philo Rd 1,525 - 14,857 SF of Retail Space Available in Urbana, IL 61802
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1809 | 13,332 SF | Negotiable | $8.00 /SF/YR $0.67 /SF/MO $106,656 /YR $8,888 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 1809 - F | 1,525 SF | Negotiable | $10.00 /SF/YR $0.83 /SF/MO $15,250 /YR $1,271 /MO | Full Service |
1st Floor, Ste 1809
Suite A is a 13,332 SF space remodeled in 2016 for Planet Fitness. The space has a large open area, check -in area, bathroom/locker rooms with showers, and private rooms used for tanning and massage therapy. .
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
1st Floor, Ste 1809 - F
Suite F is located on the south side of the building and faces Salt & Light. The space was a former dry cleaner and most recently a dog grooming business. The space has two sections a front open area and a back area. There is a restroom and storage room in the back of the space. The space makes for a nice retail area and has drive-through capabilities. The anchor tenant of the center is Planet Fitness. Signage is available along Philo Rd.
- Rate includes utilities, building services and property expenses
- Highly Desirable End Cap 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
| Total Space Available | 14,857 SF | Gross Leasable Area | 25,576 SF |
| Property Type | Retail | Year Built | 1965 |
| Property Subtype | Supermarket |
| Total Space Available | 14,857 SF |
| Property Type | Retail |
| Property Subtype | Supermarket |
| Gross Leasable Area | 25,576 SF |
| Year Built | 1965 |
ABOUT THE PROPERTY
The property is located in southeast Urbana north of the Meijer store. Philo Road is an arterial road that runs through Urbana with a high traffic count and good visibility from the road. The property is located on the south side of SunnyCrest Mall and next to Walgreens. Anchor tenants in the area are Walgreen/CVS, Salt & Light, Planet Fitness, Burger King, McDonalds, U-Haul, and Meijer.
- Security System
- Signage
NEARBY MAJOR RETAILERS
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1805 & 1809 S. Philo Rd. | 1803-1809 Philo Rd
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