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Glen Hollow Shopping Plaza 5001 N Big Hollow Rd 20,000 - 46,430 SF of Retail Space Available in Peoria, IL 61615
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 20,000-46,430 SF | Negotiable | $25.13 CAD/SF/YR $2.09 CAD/SF/MO $1,166,626 CAD/YR $97,219 CAD/MO | Triple Net (NNN) |
5001 N Big Hollow Rd - 1st Floor
This highly flexible retail space presents a rare opportunity to lease either the entire 40,000 SF space or a subdivided 20,000 SF unit. The landlord is prepared to divide the space into two equal units of 20,000 SF each, with each featuring private restrooms and prominent storefronts. A generous tenant improvement (TI) allowance is available for long-term leases. Renovations to accommodate subdivision are estimated to take approximately 5–6 months. This property is currently a Best Buy with a large open floor plan. The space includes 2 loading docs and 2 roll up garage doors and some storage/warehouse space in the rear of the building. There are designated men's and women's bathrooms, an employee break room and a training room. This property is located in a strip mall with Target and Lowes as anchor tenants. The tenant would have access to a large pylon road sign (photo attached). This property is located along W War Memorial Dr (37,500VPD), a primary north-south thoroughfare, and is just north of Interstate 74 (26,400 VPD). Located alongside a signalized intersection and dedicated turn lane.
- Lease rate does not include utilities, property expenses or building services
- Anchor Space
- Central Air and Heating
- High Ceilings
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 GLEN HOLLOW SHOPPING PLAZA
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Best Buy
- Consumer Electronics
- 1,170
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Best Buy | Consumer Electronics | 1,170 | International |
PROPERTY FACTS
ABOUT THE PROPERTY
This highly flexible retail space presents a rare opportunity to lease either the entire 40,000 SF space or a subdivided 20,000 SF unit. The landlord is prepared to divide the space into two equal units of 20,000 SF each, with each featuring private restrooms and prominent storefronts. A generous tenant improvement (TI) allowance is available for long-term leases. Renovations to accommodate subdivision are estimated to take approximately 5–6 months. This property is currently a Best Buy with a large open floor plan. The space includes 2 loading docs and 2 roll up garage doors and some storage/warehouse space in the rear of the building. There are designated men's and women's bathrooms, an employee break room and a training room. This property is located in a strip mall with Target and Lowes as anchor tenants. The tenant would have access to a large pylon road sign (photo attached). This property is located along W War Memorial Dr (37,500VPD), a primary north-south thoroughfare, and is just north of Interstate 74 (26,400 VPD). Located alongside a signalized intersection and dedicated turn lane.
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
NEARBY MAJOR RETAILERS
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Glen Hollow Shopping Plaza | 5001 N Big Hollow Rd
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