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New Philo Road Retail Strip Center Space 1720 S Philo Rd
2,055 SF of Retail Space Available in Urbana, IL 61802
Highlights
- Over 14,000 cars per day at Philo and Florida
- Newer construction
- New ownership and aggressive rental rate
- National retailers and restaurants in the area
- 400+ bed apartment complex adjacent to center
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste A | 2,055 SF | Negotiable | £8.79 /SF/PA £0.73 /SF/MO £18,069 /PA £1,506 /MO | Triple Net |
1st Floor, Ste A
Available: Suite A is currently available facing Philo Road with great visibility. Façade signage is available. Co-tenants of the shopping center include: PeopleReady and Urgent Rent-a-Car.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Private Restrooms
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 agent 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.
SITE PLAN
PROPERTY FACTS FOR 1720 S Philo Rd , Urbana, IL 61802
| Property Type | Retail | Year Built | 2009 |
| Property Subtype | Freestanding | Parking Ratio | 10/1,000 SF |
| Gross Internal Area | 12,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Internal Area | 12,000 SF |
| Year Built | 2009 |
| Parking Ratio | 10/1,000 SF |
About the Property
This contemporary shopping center was constructed in 2009, showcasing a red brick façade and 15 ft ceilings. Ample parking is available, ensuring hassle-free visits for your clients. All suites offer glass frontage, ranging in size from 1,647 sq ft to 2,055 sq ft, and face Philo Road, guaranteeing high visibility for your business. Additionally, each suite has the opportunity for façade signage to further elevate your brand. Available: Suite A is a spacious 2,055 sq ft and boasts a large, open showroom with finished flooring, a back office, and a private restroom. Area Description The center is located in the Shoppes at the Pointe shopping center, which is located on one of Urbana’s main arterial streets at the southeast corner of Philo and Florida. It is a retail strip mall perfect for retailers, restaurants and professional offices. The Shoppes are situated 5 minutes away from the University of Illinois campus. The space is located across the street from Sunnycrest Shopping Center, major retailers such as McDonald’s, Papa John’s Pizza, Planet Fitness and Walgreen’s. Burger King, Caring Hands Animal Hospital, T-Mobile and CVS Pharmacy are neighboring businesses. Several residential subdivisions and apartment communities surround the Philo Road Business District, including The Pointe At U of I University Housing, directly behind the shopping center.
- Bus Route
Nearby Major Retailers
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New Philo Road Retail Strip Center Space | 1720 S Philo Rd
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