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Cambridge Plaza-Reduced Rate 705 Cambridge Plz 838 - 2,498 SF of Retail Space Available in O'Fallon, IL 62269
HIGHLIGHTS
- Visibility at Traffic light
- Imo's, Hi-Pointe, Walgreens, and Edleys BBQ near this location
- Proximity to Interstate
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,660 SF | Negotiable | $28.00 /SF/YR $2.33 /SF/MO $46,480 /YR $3,873 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste B | 838 SF | Negotiable | $26.00 /SF/YR $2.17 /SF/MO $21,788 /YR $1,816 /MO | Triple Net (NNN) |
1st Floor
New construction! 1,660 SF Available For Lease. Imo's Pizza will occupy Suite A and Water Sweet Soaps will occupy Suite B. Edley's BBQ will occupy the other building within the development.
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- New Development, Located on corner.
1st Floor, Ste B
NNN fees are estimated as 2024 reconciliations are not available yet. Suite B and Suite C can be combined to total 2,500+/- SF Suite B has upscale finish. Suite C requires total build out, build to suit opportunity.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
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 | 2,498 SF | Gross Leasable Area | 6,600 SF |
| Property Type | Retail | Year Built | 2023 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 2,498 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 6,600 SF |
| Year Built | 2023 |
ABOUT THE PROPERTY
Corner of Highway 50 and Cambridge. Street light corner with great visibility. 838 SF Suite & 1,660 SF Suite Available For Lease totaling 2,500+/- SF available. Interstate 64 within 2 miles away. Memorial East and St. Elizabeth Hospitals located 2 miles away. CVS, Walgreens, Pizza Hut, Denny's, Sonic, McDonalds, Dollar General, and more located within .5 mile of property. Lease Rate: $26-$28 PSF plus NNN estimated @$7PSF 838 SF Suite is finished space 1,660 SF Suite is unfinished space
NEARBY MAJOR RETAILERS
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Cambridge Plaza-Reduced Rate | 705 Cambridge Plz
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