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FORMER WALGREENS 1801 S Philo Rd 14,820 SF of Retail Space Available in Urbana, IL 61802
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 14,820 SF | Negotiable | $16.86 CAD/SF/YR $1.41 CAD/SF/MO $249,919 CAD/YR $20,827 CAD/MO | Full Service |
1st Floor
Former Walgreen’s property totaling 14,820 SF with an open floor plan and drive-through window. The building has 17' clear heigh ceilings (13' to drop ceiling), 3 phase power with 800 amp service and ample parking around the building. Large storage area at the back of the store with one overhead door. Area Description 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 Great visibility from the road. The property is located south of SunnyCrest Mall. Anchor tenants in the area are Salt & Light, McDonalds, U-Haul, and Meijer.
- Sublease space available from current tenant
- Rate includes utilities, building services and property expenses
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.
Select Tenants at FORMER WALGREENS
- Tenant
- Description
- US Locations
- Reach
- Walgreens
- Drug Store
- 9,108
- International
| Tenant | Description | US Locations | Reach |
| Walgreens | Drug Store | 9,108 | International |
Property Facts
| Total Space Available | 14,820 SF | Gross Leasable Area | 14,820 SF |
| Property Type | Retail | Year Built | 2010 |
| Property Subtype | Drug Store | Parking Ratio | 2/1,000 SF |
| Total Space Available | 14,820 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 14,820 SF |
| Year Built | 2010 |
| Parking Ratio | 2/1,000 SF |
About the Property
Former Walgreen’s property totaling 14,820 SF with an open floor plan and drive-through window. The building has 17' clear heigh ceilings (13' to drop ceiling), 3 phase power with 800 amp service and ample parking around the building. Large storage area at the back of the store with one overhead door. Area Description 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 Great visibility from the road. The property is located south of SunnyCrest Mall. Anchor tenants in the area are Salt & Light, McDonalds, U-Haul, and Meijer.
Nearby Major Retailers
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FORMER WALGREENS | 1801 S Philo Rd
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