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Former Subway Bldg w/ Drive-Thru 425 S Grand Ave E 1,758 SF of Retail Space Available in Springfield, IL 62703
HIGHLIGHTS
- Drive-Thru & Outdoor Patio
- Ample On-Site Parking & Signage
- Strong Trade Area Activity
- Corner Lot & Signalized Intersection
- Combined Traffic Count: 22,400 AADT
- Flexible Use Potential
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,758 SF | Negotiable | $28.21 CAD/SF/YR $2.35 CAD/SF/MO $49,588 CAD/YR $4,132 CAD/MO | Triple Net (NNN) |
1st Floor
Inside – the property features seating for 32 customers, a service counter, and a kitchen area including a 3-compartment sink, mop sink, handwashing sink, two 5 ½ x 5 ½ walk-in coolers, and a 52-gallon water heater. Additional amenities include two restrooms and a small office. Outside – the property features a large pylon sign, patio area for additional seating, and 33 parking spaces.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
- Central Air and Heating
- Private Restrooms
- Security System
- Drop Ceilings
- Secure Storage
- Recessed Lighting
- Drive Thru
- Smoke Detector
- Wheelchair Accessible
- Drive-Thru & Outdoor Patio
- Corner Lot & Signalized Intersection
- Ample On-Site Parking & Pylon Signage
- Combined Traffic Count: 22,400 AADT
- Strong Trade Area Activity
- Flexible Use Potential
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 | 1,758 SF | Gross Leasable Area | 1,758 SF |
| Property Type | Retail | Year Built/Renovated | 1971/1993 |
| Property Subtype | Fast Food | Parking Ratio | 18.77/1,000 SF |
| Total Space Available | 1,758 SF |
| Property Type | Retail |
| Property Subtype | Fast Food |
| Gross Leasable Area | 1,758 SF |
| Year Built/Renovated | 1971/1993 |
| Parking Ratio | 18.77/1,000 SF |
ABOUT THE PROPERTY
Coldwell Banker Commercial Devonshire Realty (CBCDR) is pleased to present this freestanding former Subway restaurant with a drive-thru available for lease on a hard corner, signalized lot in Springfield, IL. Inside – the property features seating for 32 customers, a service counter, and a kitchen area including a 3-compartment sink, mop sink, handwashing sink, two 5 ½ x 5 ½ walk-in coolers, and a 52-gallon water heater. Additional amenities include two restrooms and a small office. Outside – the property features a large pylon sign, patio area for additional seating, and 33 parking spaces. Strategically positioned at the signalized intersection of South Grand Avenue and South 5th Street, the site offers excellent visibility and access, with three curb cuts (two on South Grand Avenue and one on South 5th Street) and a combined traffic count of approximately 22,400 AADT. The property is surrounded by strong national and local operators, including a McDonald’s (reporting $2.7M in 2024 sales per Placer.ai) directly across the street and a Shell gas station to the south, which ranked 4th out of 9 stores in its market with 157,300 visitors in 2024 (per Placer.ai). Nearby demand drivers include: Springfield Clinic Main Campus (major regional medical center), multiple funeral homes (Bisch & Son, Staab, and Butler), several state office buildings (Department of Human Services, Healthcare and Family Services), and numerous small businesses that anchor the area’s commercial activity. Additionally, the property benefits from its close proximity to Downtown Springfield, a walkable hub for government, healthcare, culture, and historic landmarks. The property’s flexible layout and prime location make it ideal for a variety of uses, including: Fast-casual dining concepts (sub sandwich shop, coffee shop, bakery, pizza), and light retail (mobile phone store, convenience mart, or similar use).
- Controlled Access
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Drive Thru
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
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Former Subway Bldg w/ Drive-Thru | 425 S Grand Ave E
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