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Lakeview Plaza 41-193 S Rand Rd
1,260 SF of Retail Space Available in Lake Zurich, IL 60047
Highlights
- 35,000 vpd on S Rand Rd
- Near Popular Local Anchors
- Diverse Tenant Mix
- Excellent Retail Corridor
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 91 | 1,260 SF | Negotiable | $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $2,100 /MO $25,200 /YR | Triple Net (NNN) |
1st Floor, Ste 91
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Street-facing
- Ideal for Retail or Professional Uses
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.
SITE PLAN
PROPERTY FACTS FOR 41-193 S Rand Rd , Lake Zurich, IL 60047
| Property Type | Retail | Total Land Area | 5.69 AC |
| Property Subtype | Storefront | Year Built | 1987 |
| Gross Leasable Area | 52,400 SF | Parking Ratio | 6.68/1,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 52,400 SF |
| Total Land Area | 5.69 AC |
| Year Built | 1987 |
| Parking Ratio | 6.68/1,000 SF |
About the Property
Lakeview Plaza hosts an excellent tenant mix including NAPA Auto Parts, Kitchen Discounters of America, Gravitea Boba, and local grocer All Ways Healthy Natural Food among others. The Plaza's out lots include First American Bank and local favorite Bellalukes. Lakeview Plaza is prominently situated on S Rand Road's established retail corridor across from popular Paulus Park in Lake Zurich, IL. With quick access to surrounding neighborhoods and near local anchors Jewel-Osco, Target, and Costco, this location boasts traffic counts of 35,000 vpd.
- Pylon Sign
Nearby Major Retailers
-
Carlo Rossi -
Rossi Real Estate Corp.
Presented by
Lakeview Plaza | 41-193 S Rand Rd
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