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Bloomington Retail 506 IAA Dr 1,610 SF of Retail Space Available in Bloomington, IL 61701
HIGHLIGHTS
- New retail space facing Veterans Parkway - rare opportunity!
- Directly across from Eastland Mall and St. Joseph’s Hospital
- Property located at the city’s main intersection with phenomenal visibility to Veterans Parkway
- 68,000+ VPD
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 103 | 1,610 SF | Negotiable | $36.00 /SF/YR $3.00 /SF/MO $57,960 /YR $4,830 /MO | Triple Net (NNN) |
506 Iaa Dr - 1st Floor - Ste 103
Exceptional retail opportunity with unbeatable visibility along Veterans Parkway, one of Bloomington’s busiest thoroughfares. Ideal for retail/restaurant, seeking maximum visibility and foot traffic in a thriving commercial corridor.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Available with rare visibility to Veteran’s Pky
- Strong anchor tenants
- High barrier to entry market
- Un-encumbered real estate with no restrictions
- Large 30' monument sign available
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 | 1,610 SF | Center Properties | 4 |
| Center Type | Neighborhood Center | Gross Leasable Area | 44,485 SF |
| Parking | 164 Spaces | Total Land Area | 4.32 AC |
| Stores | 4 | Year Built | 2019 |
| Total Space Available | 1,610 SF |
| Center Type | Neighborhood Center |
| Parking | 164 Spaces |
| Stores | 4 |
| Center Properties | 4 |
| Gross Leasable Area | 44,485 SF |
| Total Land Area | 4.32 AC |
| Year Built | 2019 |
ABOUT THE PROPERTY
Situated directly across from Eastland Mall and St. Joseph’s Hospital, this high-traffic location benefits from outstanding exposure with 68,000+ vehicles per day (VPD). Neighboring national retailers include Dick’s Sporting Goods, DSW, HomeGoods, Ashley Furniture, Five Below, OshKosh, PetSmart, Carters, and Orange Theory. Situated just north of State Farm’s World Headquarters, which employs over 15,000 professionals, and east of Illinois State University, home to 18,000+ students, this location offers exceptional access to a strong consumer base.
- Drive Thru
NEARBY MAJOR RETAILERS
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Bloomington Retail | 506 IAA Dr
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