|
|
O'Fallon Centre 621 W Highway 50 1,250 SF of Retail Space Available in O'Fallon, IL 62269
HIGHLIGHTS
- Professionally Managed
- Signage available on the building for a Full Suite Tenant
- Great Visiblity on Hwy 50
- New Ownership since 2022
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 633 | 1,250 SF | Negotiable | $18.00 /SF/YR $1.50 /SF/MO $193.75 /m²/YR $16.15 /m²/MO $1,875 /MO $22,500 /YR | Modified Gross |
1st Floor, Ste 633
Located on ground floor in the center of the building. Large open space with a restroom in the rear. This space is 1,250 SF on the main level. This could be office or retail use. Lease Rate: $18.00 PSF Modified Gross
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air and Heating
- Drop Ceilings
- After Hours HVAC Available
- Smoke Detector
- Natural Light
- Private Bathroom
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
| Total Space Available | 1,250 SF | Gross Leasable Area | 18,565 SF |
| Property Type | Retail | Year Built | 1988 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 4.58/1,000 SF |
| Total Space Available | 1,250 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 18,565 SF |
| Year Built | 1988 |
| Parking Ratio | 4.58/1,000 SF |
ABOUT THE PROPERTY
Average Daily Traffic Count: 14,900 Located across from Dollar General and Hi-Pointe Drive-in and adjacent to Walgreens. Close to Green Mount Road and I-64 Building Signage Available Professionally Managed
- Signage
- Monument Signage
- Air Conditioning
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| W US Hwy 50 | Douglas Ave, E | 14,172 | 2022 | 0.08 mi |
| Cambridge Blvd | Granite Dr, SW | 2,769 | 2022 | 0.10 mi |
| W US Hwy 50 | W 3rd St, W | 13,147 | 2022 | 0.15 mi |
| Highway 50 | W US Hwy 50, NW | 14,903 | 2020 | 0.16 mi |
| Highway 50 | W Hwy 50, NW | 14,353 | 2022 | 0.17 mi |
| W US Hwy 50 | Principle Dr, E | 12,224 | 2022 | 0.17 mi |
| W 3rd St | W Hwy 50, SW | 2,351 | 2022 | 0.19 mi |
| Douglas Ave | W State St, N | 358 | 2022 | 0.20 mi |
| W State St | S Lawn Ave, W | 9,307 | 2022 | 0.29 mi |
| W US Hwy 50 | W 5th St | 12,565 | 2022 | 0.29 mi |
NEARBY MAJOR RETAILERS
MAP
ADDITIONAL PHOTOS
Sign
Front of Building