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CVS – Excess Retail Space 107 W Green St
12,163 SF of Retail Space Available in Champaign, IL 61820
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 12,163 SF | Negotiable | $20.00 /SF/YR $1.67 /SF/MO $243,260 /YR $20,272 /MO | Full Service |
1st Floor
The retail space will be a direct sublease with CVS. It is a total of 12,163 SF of open retail space on the first floor. The open retail area has 14' clear height to the drop ceiling and 16' to the bottom of the steel I-beams. The space does have a partial basement (95’x60') with 8' ceilings for additional storage. There is a conveyor system that runs down to the basement. There are older restrooms down in the basement and no restrooms currently located on the main level. This is a gross lease and CVS prefers a tenant take the space in “as is” condition and make all improvements to the space.
- Sublease space available from current tenant
- Rate includes utilities, building services and property expenses
- Fully Built-Out as Standard Retail 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.
PROPERTY FACTS FOR 107 W Green St , Champaign, IL 61820
| Property Type | Retail | Year Built | 1970 |
| Gross Leasable Area | 12,163 SF |
| Property Type | Retail |
| Gross Leasable Area | 12,163 SF |
| Year Built | 1970 |
About the Property
Property Description The retail space will be a direct sublease with CVS. It is a total of 12,163 SF of open retail space on the first floor. The open retail area has 14' clear height to the drop ceiling and 16' to the bottom of the steel I-beams. The space does have a partial basement (95’x60') with 8' ceilings for additional storage. There is a conveyor system that runs down to the basement. There are older restrooms down in the basement and no restrooms currently located on the main level. This is a gross lease and CVS prefers a tenant take the space in “as is” condition and make all improvements to the space. Area Description The subject property is located on the southwest corner of Neil Street and Green Street. Green Street is the main arterial road that runs into the University of Illinois campus town. The anchor tenant in the building is CVS. The vacant space is located on the west side of CVS. Neil Street is a main arterial road that runs through Champaign and the property is located just south of downtown Champaign.
Nearby Major Retailers
Contacts
-
AJ Thoma III, CCIM, SIOR -
Zach Wetherell -
Coldwell Banker Commercial Devonshire Realty
Learn More About Leasing Retail Properties
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CVS – Excess Retail Space | 107 W Green St
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