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Original Tuscola IGA For Sale Or Lease 605 E Southline Rd
37,619 SF of Retail Space Available in Tuscola, IL 61953
HIGHLIGHTS
- Visibility
- Flexible Layout
- Multiple Users
- Ample Parking
- For Sale or Lease
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 37,619 SF | Negotiable | $6.00 /SF/YR $0.50 /SF/MO $225,714 /YR $18,810 /MO | Triple Net (NNN) |
1st Floor
This 37,619 SF building formerly functioned as the local IGA grocery, and is available for lease.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap 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 605 E SOUTHLINE RD , TUSCOLA, IL 61953
| Total Space Available | 37,619 SF | Gross Leasable Area | 37,619 SF |
| Property Type | Retail | Year Built | 1976 |
| Property Subtype | Supermarket | Parking Ratio | 11.43/1,000 SF |
| Total Space Available | 37,619 SF |
| Property Type | Retail |
| Property Subtype | Supermarket |
| Gross Leasable Area | 37,619 SF |
| Year Built | 1976 |
| Parking Ratio | 11.43/1,000 SF |
ABOUT THE PROPERTY
The primary 32,619 SF building formerly functioned as the local IGA grocery, and is available for lease. Majority of the primary store is allocated to open retail in the front with shipping and receiving services in the rear of the building with two overhead dock doors. The subject property has been well-maintained and features over 400 parking spaces and ample electrical service. The full sale offering consists of two parcels totaling over 4 acres and includes the original IGA building as well as the 5,000 SF endcap which is currently leased to ATI Physical Therapy. There is an additional 3,840 SF warehouse behind the primary IGA structure that is currently divided into 3 storage units. Area Description The subject property is located on the south side of Route 36/ Southline Road in Tuscola, Illinois. The site is highly visible on the main corridor of Tuscola and is in close proximity to interstate access.
- Pylon Sign
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Original Tuscola IGA For Sale Or Lease | 605 E Southline Rd
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