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Waterstone Place 34500 N US Route 45 Hwy
1,200 - 2,516 SF of Retail Space Available in Third Lake, IL 60030
Highlights
- Affluent Population Base - Over 56,700 people with an average household’s income of $106,400 within a three mile radius.
- High Quality Retail Appearance - The property features excellent curb appeal, stronger than much of the area product.
- Electronic Monument Signage - Highly visible electronic monument sign available for all tenants to feature promotions, seasonal specials, sales galore
- High Traffic Counts - 20,800 cars daily along Highway 45; 22,600 cars daily along Washington Street.
- Highway 45 Road Improvements - Highway 45 has recently been upgraded from two to four lanes to improve regional connectivity. This improvement will
- Shadow Center to College of Lake County (Main Campus), Lake County Vocational School and University Center of Lake County.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste F | 1,316 SF | Negotiable | $16.00 /SF/YR $1.33 /SF/MO $21,056 /YR $1,755 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste G | 1,200 SF | Negotiable | $15.00 /SF/YR $1.25 /SF/MO $18,000 /YR $1,500 /MO | Triple Net (NNN) |
34500 N Highway 45 - 1st Floor - Ste F
1,316 sf retail/office space available. Space is all open with one ADA washroom, carpeted and small closet. Perfect space for professional service provider, small medical, nutrition/spa or any other retail use. This unit can be combined with adjacent space for a total of 2,516 sf.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Can be combined with additional space(s) for up to 2,516 SF of adjacent space
- Central Air and Heating
- Fully Carpeted
- Drop Ceilings
- 1,316 sf built out space
- Can be combined for a total of 2,516 sf
34500 N Highway 45 - 1st Floor - Ste G
Can be combined with Unit F for a total of 2,516 sf
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Can be combined with additional space(s) for up to 2,516 SF of adjacent 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.
SELECT TENANTS AT Waterstone Place
- Tenant
- Description
- US Locations
- Reach
- China Chef
- Restaurant
- 1
- Local
- CK Salons Inc.
- Salon/Barber/Spa
- 1
- Local
- Farmers Insurance Group
- Insurance
- 19,900
- National
- Home Of The Sparrow
- Health Care
- 4
- Regional
- Lou Malnati's Pizzeria
- Pizza
- 82
- National
| Tenant | Description | US Locations | Reach |
| China Chef | Restaurant | 1 | Local |
| CK Salons Inc. | Salon/Barber/Spa | 1 | Local |
| Farmers Insurance Group | Insurance | 19,900 | National |
| Home Of The Sparrow | Health Care | 4 | Regional |
| Lou Malnati's Pizzeria | Pizza | 82 | National |
PROPERTY FACTS FOR 34500 N US Route 45 Hwy , Third Lake, IL 60030
| Center Type | Neighborhood Center | Frontage | 885’ on Us-45 Hwy |
| Parking | 138 Spaces | Gross Leasable Area | 30,085 SF |
| Stores | 13 | Total Land Area | 4.94 AC |
| Center Properties | 1 | Year Built | 2004 |
| Center Type | Neighborhood Center |
| Parking | 138 Spaces |
| Stores | 13 |
| Center Properties | 1 |
| Frontage | 885’ on Us-45 Hwy |
| Gross Leasable Area | 30,085 SF |
| Total Land Area | 4.94 AC |
| Year Built | 2004 |
About the Property
Features:- 30,185 square feet- Tenants include: Lou Malnatis, Home of the Sparrow, Farmers Insurance, China Chef, Yuri of Japan, CK Salon, Nail Salon, Liquor Store, Badda Bing's. Other tenants with shared access include Subway, Dunkin Donuts, Car Wash, Goddard School plus others. Affluent population base. High traffic counts. High-quality retail appearance with excellent curb appeal.
- Dedicated Turn Lane
- Pylon Sign
Presented by
Waterstone Place | 34500 N US Route 45 Hwy
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