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Planet Fitness Anchored Shopping Center 1803-1809 Philo Rd
25,576 SF 92% Leased Retail Building Urbana, IL 61802 $1,850,000 ($72/SF) 8.99% Cap Rate
Investment Highlights
- Located Less Than 1-Mile From the University of Illinois Urbana- Champaign, Illinois’ Largest University, Featuring Over 55,000 Students
- Planet Fitness is Operated and Guaranteed By One of the Largest Franchisees (Black Duck Partners) in the Industry
- Attractive Price Per Square Foot - Less Than $73 Per Square Foot
- The University of Illinois is Ranked as the #12 Best Public University in the Country (U.S. News 2023-2024 Report)
- Surrounding National Retailers Include Walgreens, CVS, McDonald's, Burger King, Papa Johns, Meijer and Circle K
- Low Occupancy Cost For Planet Fitness, With a Base Rent of $8.50 Per Square Foot, Allowing For Improved Business Economics
Executive Summary
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
Property Facts
Amenities
- Security System
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Hot Spot LLC.
- Retailer
- 1,342 SF
- -
- Double Net
- Sep 2028
- Planet Fitness
- Retailer
- 13,332 SF
- -
- Double Net
- Dec 2026
- Scrub N' Cuts
- Retailer
- 1,524 SF
- -
- Modified Gross
- Jan 2025
- Sister Sister's
- Retailer
- 609 SF
- -
- Modified Gross
- Aug 2025
- Well Experience
- Accommodation and Food Services
- 5,790 SF
- -
- Modified Gross
- Aug 2030
- Well Experience (Expansion)
- Accommodation and Food Services
- 1,056 SF
- -
- Modified Gross
- Sep 2027
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Hot Spot LLC. | Retailer | 1,342 SF | - | Double Net | Sep 2028 | |
| Planet Fitness | Retailer | 13,332 SF | - | Double Net | Dec 2026 | |
| Scrub N' Cuts | Retailer | 1,524 SF | - | Modified Gross | Jan 2025 | |
| Sister Sister's | Retailer | 609 SF | - | Modified Gross | Aug 2025 | |
| Well Experience | Accommodation and Food Services | 5,790 SF | - | Modified Gross | Aug 2030 | |
| Well Experience (Expansion) | Accommodation and Food Services | 1,056 SF | - | Modified Gross | Sep 2027 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
1805 S. Philo is located directly west and behind Walgreens. The space is currently built-out as a restaurant space with seating in the front, counter space to place orders, two restrooms, a large kitchen with a 26' hood vent, large walk-in cooler and one upright freezer. The anchor tenant of the center is Planet Fitness. Tenant has access to signage along Philo
Suite F is located on the south side of the building and faces Salt & Light. The space was a former dry cleaner and most recently a dog grooming business. The space has two sections a front open area and a back area. There is a restroom and storage room in the back of the space. The space makes for a nice retail area and has drive-through capabilities. The anchor tenant of the center is Planet Fitness. Signage is available along Philo Rd.
| Space | Size | Space Use | Position | Available |
| 1805 | 1,920 SF | Restaurant | - | Now |
| 1809 - F | 1,525 SF | Retail | End Cap | 30 Days |
1805
| Size |
| 1,920 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
1809 - F
| Size |
| 1,525 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| 30 Days |
1805
| Size | 1,920 SF |
| Space Use | Restaurant |
| Position | - |
| Available | Now |
1805 S. Philo is located directly west and behind Walgreens. The space is currently built-out as a restaurant space with seating in the front, counter space to place orders, two restrooms, a large kitchen with a 26' hood vent, large walk-in cooler and one upright freezer. The anchor tenant of the center is Planet Fitness. Tenant has access to signage along Philo
1809 - F
| Size | 1,525 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | 30 Days |
Suite F is located on the south side of the building and faces Salt & Light. The space was a former dry cleaner and most recently a dog grooming business. The space has two sections a front open area and a back area. There is a restroom and storage room in the back of the space. The space makes for a nice retail area and has drive-through capabilities. The anchor tenant of the center is Planet Fitness. Signage is available along Philo Rd.
PROPERTY TAXES
| Parcel Number | 93-21-21-126-050 | Improvements Assessment | $372,520 |
| Land Assessment | $53,790 | Total Assessment | $426,310 |
PROPERTY TAXES
-
Evan Beeson -
Sands Investment Group
Presented by
Planet Fitness Anchored Shopping Center | 1803-1809 Philo Rd
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