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Cuatro Restaurant & Bar 2030 S Wabash Ave
4,898 SF of Retail Space Available in Chicago, IL 60616
Highlights
- Fully built-out restaurant
- free standing building
- Floor-to-ceiling windows
- FF&E included
- walk in coolers
- exposed beam construction
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Restaurant | 4,898 SF | 5 Years | $60.00 /SF/YR $5.00 /SF/MO $645.83 /m²/YR $53.82 /m²/MO $24,490 /MO $293,880 /YR | Triple Net (NNN) |
1st Floor, Ste Restaurant
Fully built-out restaurant in a free standing building. Floor-to-ceiling windows. FF&E included walk in coolers exposed beam construction.
- Lease rate does not include utilities, property expenses or building services
- 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 2030 S Wabash Ave , Chicago, IL 60616
| Property Type | Retail | Gross Leasable Area | 4,898 SF |
| Property Subtype | Restaurant | Year Built | 1998 |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,898 SF |
| Year Built | 1998 |
About the Property
Restaurant available at the corner of Wabash and 21st. Owner is a restaurant operator and is willing to partner with a proven operator. The free-standing unit was built out as a restaurant with two walk-in coolers, can seat 200 plus a separate bar area. The restaurant also has aldermanic approval for a large patio space in the summer (100 seats). DISPENSARIES WILL BE CONSIDERED WITH RENT PREMIUM!! •The South Loop is fast becoming one of Chicago's hottest and most dynamic neighborhoods. •Developers, investors and city organizations have been working swiftly to construct condominiums, restaurants, bars, boutiques, cafes, and book stores to breathe life into this near south side community on the rise.
- Bus Line
Nearby Major Retailers
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Cuatro Restaurant & Bar | 2030 S Wabash Ave
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