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1805 S. Philo Rd. 1803-1809 Philo Rd
1,525 - 3,445 SF of Retail Space Available in Urbana, IL 61802
Space Availability (2)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste 1805 | 1,920 SF | Negotiable | £7.89 /SF/PA £0.66 /SF/MO £84.93 /m²/PA £7.08 /m²/MO £15,149 /PA £1,262 /MO | Full Service Gross | ||
| 1st Floor, Ste 1809 - F | 1,525 SF | Negotiable | £7.89 /SF/PA £0.66 /SF/MO £84.93 /m²/PA £7.08 /m²/MO £12,032 /PA £1,003 /MO | Full Service Gross |
1st Floor, Ste 1805
1805 S. Philo is located directly west and behind Walgreens. The space is currently built-out as a restaurant space with seating in the front, counter space to place orders, two restrooms, a large kitchen with a 26' hood vent, large walk-in cooler and one upright freezer. The anchor tenant of the center is Planet Fitness. Tenant has access to signage along Philo
- Rate includes utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Kitchen
- Private Restrooms
- Freezer Space
- High traffic count and good visibility from road
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 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.
PROPERTY FACTS FOR 1803-1809 Philo Rd , Urbana, IL 61802
| Property Type | Retail | Gross Internal Area | 25,576 SF |
| Property Subtype | Supermarket | Year Built | 1965 |
| Property Type | Retail |
| Property Subtype | Supermarket |
| Gross Internal 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
-
Zach Wetherell -
Coldwell Banker Commercial Devonshire Realty
Presented by
1805 S. Philo Rd. | 1803-1809 Philo Rd
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