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Market Place Crossing 408 W Town Center Blvd 2,230 - 4,491 SF of Retail Space Available in Champaign, IL 61822
HIGHLIGHTS
- Near North Prospect Retail Corridor
- Great Visibility and Accessibility
- Drive-Thru Available
- New 2019 Construction
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 412 | 2,230 SF | Negotiable | $34.90 CAD/SF/YR $2.91 CAD/SF/MO $77,823 CAD/YR $6,485 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 414 | 2,261 SF | Negotiable | $34.90 CAD/SF/YR $2.91 CAD/SF/MO $78,904 CAD/YR $6,575 CAD/MO | Triple Net (NNN) |
408 W Town Center Blvd - 1st Floor - Ste 412
Suites 408 and 410 have been leased and 4,491 SF of space remains and can be divided into 2,261 SF (Suite 414 – endcap), and 2,230 SF (Suite 412 – inline). Suite 414 on the west endcap has the opportunity for a drive-thru and the building benefits from cross access and parking agreements with the neighboring properties and pylon signage is available along Town Center Boulevard. Suites will be delivered as a vanilla-box.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Can be combined with additional space(s) for up to 4,491 SF of adjacent space
408 W Town Center Blvd - 1st Floor - Ste 414
Market Place Crossing is a 3-acre development anchored by La-Z-Boy and Freddy’s Frozen Custard & Steakburgers that is strategically located along Town Center Boulevard between Prospect Avenue and Neil Street. An additional 8,982 SF of retail space was constructed in 2020 and offers inline and endcap retail space for lease. Suites 408 and 410 have been leased and 4,491 SF of space remains and can be divided into 2,261 SF (Suite 414 – endcap), and 2,230 SF (Suite 412 – inline). Suite 414 on the west endcap has the opportunity for a drive-thru and the building benefits from cross access and parking agreements with the neighboring properties and pylon signage is available along Town Center Boulevard. Suites will be delivered as a vanilla-box.
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- Can be combined with additional space(s) for up to 4,491 SF of adjacent 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 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 MARKET PLACE CROSSING
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- AAA
- Services
- -
- -
- Freddy's Frozen Custard
- -
- -
- -
- La-Z-Boy
- -
- -
- -
- Nothing Bundt Cakes
- Bakery
- 769
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| AAA | Services | - | - |
| Freddy's Frozen Custard | - | - | - |
| La-Z-Boy | - | - | - |
| Nothing Bundt Cakes | Bakery | 769 | International |
PROPERTY FACTS
| Total Space Available | 4,491 SF | Frontage | 283’ on Town Center Blvd |
| Center Type | Strip Center | Gross Leasable Area | 8,982 SF |
| Parking | 21 Spaces | Total Land Area | 4.82 AC |
| Stores | 4 | Year Built | 2020 |
| Center Properties | 1 |
| Total Space Available | 4,491 SF |
| Center Type | Strip Center |
| Parking | 21 Spaces |
| Stores | 4 |
| Center Properties | 1 |
| Frontage | 283’ on Town Center Blvd |
| Gross Leasable Area | 8,982 SF |
| Total Land Area | 4.82 AC |
| Year Built | 2020 |
ABOUT THE PROPERTY
Market Place Crossing is a 3-acre development anchored by La-Z-Boy and Freddy’s Frozen Custard & Steakburgers that is strategically located along Town Center Boulevard between Prospect Avenue and Neil Street. An additional 8,982 SF of retail space was constructed in 2020 and offers inline and endcap retail space for lease. Suites 408 and 410 have been leased and 4,491 SF of space remains and can be divided into 2,261 SF (Suite 414 – endcap), and 2,230 SF (Suite 412 – inline). Suite 414 on the west endcap has the opportunity for a drive-thru and the building benefits from cross access and parking agreements with the neighboring properties and pylon signage is available along Town Center Boulevard. Suites will be delivered as a vanilla-box. Location Description The subject property is ideally located just west of what will be the main entrance to a brand-new Costco, that is expected to be completed by late 2020. Major retailers in the area include Menards, Target, Macy’s, Dick’s Sporting Goods, Sam’s Club, Meijer, Aldi, Walmart Supercenter, Ashley Furniture, Kohl’s, PetSmart, Hobby Lobby, and many more. Traffic Counts: Town Center: 9,200 VPD Neil Street: 11,000 VPD
- Dedicated Turn Lane
- Signalized Intersection
NEARBY MAJOR RETAILERS
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Market Place Crossing | 408 W Town Center Blvd
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