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Cherry Tree Shopping Center 8-70 Cherry Tree Shopping Ctr
4,835 - 17,435 SF of Retail Space Available in Washington, IL 61571
Highlights
- Washington Road is a major shopping destination with a Walmart and Menards nearby.
- A strong consumer base boasts a median household income of $72,000 within 5 miles.
- The property has great visibility from State Road 24, a main artery through Washington.
- The center provides over 2,000 feet of frontage at a signalized intersection with 3 points of egress.
Space Availability (2)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste D-1 | 4,835 SF | 5-10 Years | £9.39 /SF/PA £0.78 /SF/MO £101.07 /m²/PA £8.42 /m²/MO £45,398 /PA £3,783 /MO | Triple Net | ||
| 1st Floor, Ste D-4B | 12,600 SF | 5-10 Years | £9.39 /SF/PA £0.78 /SF/MO £101.07 /m²/PA £8.42 /m²/MO £118,306 /PA £9,859 /MO | Triple Net |
6-64 Cherry Tree Shopping Ctr - 1st Floor - Ste D-1
This is an in-line suite that is built-out for general retail services. Previously a Hallmark store. Move in condition!
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
6-64 Cherry Tree Shopping Ctr - 1st Floor - Ste D-4B
Junior anchor suite that is in-line and built-out for general retail uses. Previously a furniture store.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
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.
SELECT TENANTS AT Cherry Tree Shopping Center
- Tenant
- Description
- US Locations
- Reach
- Bard Optical, Inc.
- Eyeware Accessories
- 28
- Local
- Cherry Garden
- Restaurant
- 1
- Local
- Ivy Rehab
- Health Care
- 270
- National
- Kroger
- Supermarket
- 2,198
- National
- Monical's Pizza
- Pizza
- 76
- Regional
- U.S. Cellular
- Wireless Communications
- 821
- National
| Tenant | Description | US Locations | Reach |
| Bard Optical, Inc. | Eyeware Accessories | 28 | Local |
| Cherry Garden | Restaurant | 1 | Local |
| Ivy Rehab | Health Care | 270 | National |
| Kroger | Supermarket | 2,198 | National |
| Monical's Pizza | Pizza | 76 | Regional |
| U.S. Cellular | Wireless Communications | 821 | National |
PROPERTY FACTS FOR 8-70 Cherry Tree Shopping Ctr , Washington, IL 61571
| Centre Type | Community Center | Gross Leasable Area | 206,763 SF |
| Parking | 1,155 Spaces | Total Land Area | 19.65 AC |
| Stores | 16 | Year Built | 1981 |
| Centre Properties | 4 | Cross Streets | Rte 24 |
| Frontage |
| Centre Type | Community Center |
| Parking | 1,155 Spaces |
| Stores | 16 |
| Centre Properties | 4 |
| Frontage | |
| Gross Leasable Area | 206,763 SF |
| Total Land Area | 19.65 AC |
| Year Built | 1981 |
| Cross Streets | Rte 24 |
About the Property
This Kroger-anchored shopping center is in a great location with ample traffic given its convenient access to near by residential neighborhoods and just 10 miles East of Peoria, IL. The center is also home to a Kroger fuel center as well as a fully-renovated Stock+Field. The property features ample surface parking with entrances to the shopping center from both Washington Road and N Cummings Lane.
- 24 Hour Access
- Pylon Sign
- Restaurant
- Signage
- Signalised Intersection
- Tenant Controlled HVAC
- Drive Thru
Nearby Major Retailers
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Cherry Tree Shopping Center | 8-70 Cherry Tree Shopping Ctr
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