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Family Dollar 1110 Philo Rd 9,180 SF of Retail Space Available in Urbana, IL 61801
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 9,180 SF | Negotiable | $12.56 CAD/SF/YR $1.05 CAD/SF/MO $115,331 CAD/YR $9,611 CAD/MO | Triple Net (NNN) |
1st Floor
The Subject property was constructed in 2009 and consists of a 9,180 SF building. It has an open retail floor plan, 720 SF of back storage area, restrooms and office. The building does not have an overhead door, but one could be installed. The ceiling height to the drop ceiling is 11’6?, clear height 12’6?, height to deck 15’4?. The building sits on 1.17 acres. The expenses for the property are $4.05/SF for real estate taxes and building insurance, CAM has been the responsibility of the Lessee as a single tenant building. Family Dollar’s lease is set to expire in June 2025.
- Lease rate does not include utilities, property expenses or building services
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 | 9,180 SF | Gross Leasable Area | 9,180 SF |
| Property Type | Retail | Year Built | 2007 |
| Property Subtype | Freestanding |
| Total Space Available | 9,180 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 9,180 SF |
| Year Built | 2007 |
ABOUT THE PROPERTY
The Subject property was constructed in 2009 and consists of a 9,180 SF building. It has an open retail floor plan, 720 SF of back storage area, restrooms and office. The building does not have an overhead door, but one could be installed. The ceiling height to the drop ceiling is 11’6?, clear height 12’6?, height to deck 15’4?. The building sits on 1.17 acres. The expenses for the property are $4.05/SF for real estate taxes and building insurance, CAM has been the responsibility of the Lessee as a single tenant building. Family Dollar’s lease is set to expire in June 2025. Area Description The subject property is located along the Philo Road retail corridor, between Washington Street and Florida Avenue, in southeast Urbana.
NEARBY MAJOR RETAILERS
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Family Dollar | 1110 Philo Rd
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