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2427 Adlai Stevenson Dr
1,080 SF of Retail Space Available in Springfield, IL 62703
Highlights
- Daytime Traffic Counts 20,000+
- Inline space with great co-tenant traffic generators
- Easy Access to I-55
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste C | 1,080 SF | Negotiable | $15.00 /SF/YR $1.25 /SF/MO $161.46 /m²/YR $13.45 /m²/MO $1,350 /MO $16,200 /YR | Triple Net (NNN) |
2427 Adlai Stevenson Dr - 1st Floor - Ste C
Standard retail buildout with stock wall and restroom. Great inline traffic generating cotenants and clean space ready for paint and fixtures.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air and Heating
- 20k+ Traffic Counts
- Inline cotenant all day traffic generators
- Reasonable NNN's
- Lower pylon panel signage available
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 2427 Adlai Stevenson Dr, Springfield, IL 62703
- Tenant
- Description
- US Locations
- Reach
- Little Caesars
- Accommodation and Food Services
- -
- -
- Lucy's Place
- Accommodation and Food Services
- -
- -
- Rent One
- Rental Shop
- 105
- National
| Tenant | Description | US Locations | Reach |
| Little Caesars | Accommodation and Food Services | - | - |
| Lucy's Place | Accommodation and Food Services | - | - |
| Rent One | Rental Shop | 105 | National |
PROPERTY FACTS FOR 2427 Adlai Stevenson Dr , Springfield, IL 62703
About the Property
Great location and clean exterior with low operating expenses with easy access to and from I-55. Huge traffic counts on Adlai Stevenson (approx. 20k+ vpd) shared with great neighboring area retailers including CVS, Walgreens, Hardees, Papa Johns, and many more. Recently rebranded long term anchor Rent One draws roughly 1,000 customers weekly to the site. Inline tenants Little Caesars and Lucy's Place also provide steady traffic and have long term stability with recent renewals exercised. Newly built Starbucks paving the way for additional development in the area.
-
Steven Carrico -
LDC Properties
Presented by
2427 Adlai Stevenson Dr
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