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The Shoppes at Merdian Plaza 86 Magnolia Dr 2,269 - 5,169 SF of Retail Space Available in Glen Carbon, IL 62034
HIGHLIGHTS
- Located near Latitude 38 Luxury Apartments (144 units)
- Close access to I-70
- 3 Miles from SIUE
- Building Signage Available
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 2,900 SF | - | 5-10 Years | $41.70 CAD/SF/YR $3.47 CAD/SF/MO $120,929 CAD/YR $10,077 CAD/MO | Triple Net (NNN) | |
| 1st Floor | 2,269 SF | 10’ - 12’ | 5-10 Years | $44.48 CAD/SF/YR $3.71 CAD/SF/MO $100,924 CAD/YR $8,410 CAD/MO | Triple Net (NNN) |
1st Floor
2,900 SF In line retail space
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- dedicated drive-thru for the 1,900 SF End-Cap
1st Floor
2,269 SF Suite with drive-thru on end cap.
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- Central Air and Heating
- Private Restrooms
- Corner Space
- Drop Ceilings
- Finished Ceilings: 10’ - 12’
- Drive Thru
- Premiere Mixed-Use Development.
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 THE SHOPPES AT MERDIAN PLAZA
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- F45
- Arts, Entertainment, and Recreation
- -
- -
- Lottie's Cafe
- Accommodation and Food Services
- -
- -
- X Golf
- Arts, Entertainment, and Recreation
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| F45 | Arts, Entertainment, and Recreation | - | - |
| Lottie's Cafe | Accommodation and Food Services | - | - |
| X Golf | Arts, Entertainment, and Recreation | - | - |
PROPERTY FACTS
| Total Space Available | 5,169 SF | Gross Leasable Area | 8,000 SF |
| Property Type | Retail | Year Built | 2024 |
| Property Subtype | Fast Food | Parking Ratio | 6.25/1,000 SF |
| Total Space Available | 5,169 SF |
| Property Type | Retail |
| Property Subtype | Fast Food |
| Gross Leasable Area | 8,000 SF |
| Year Built | 2024 |
| Parking Ratio | 6.25/1,000 SF |
ABOUT THE PROPERTY
Mixed-Use Development 2,269 SF available with drive-thru. 2,900 SF available In-line Retail Space available. Located near Latitude 38 New Luxury Apartment complex with 144 units. Building signage available. Located on Illinois Route 157 & 3 miles from SIUE campus, Close access to I-70. Meridian Plaza is one of the newest mixed-use retail developments in the area and features: Fitness (F45 Gym), Recreation/ Entertainment (X Golf) and Dining at Lottie's Cafe.
- Signage
- Tenant Controlled HVAC
- Drive Thru
NEARBY MAJOR RETAILERS
Presented by
The Shoppes at Merdian Plaza | 86 Magnolia Dr
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