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Target Co-Tenancy - The Concord at Sheridan 6418 N Sheridan Rd
2,929 SF of 4-Star Retail Space Available in Chicago, IL 60626
Highlights
- Prime retail storefront adjacent to Target at the base of a brand new 111 unit apartment building
- Adjacent to Morgan at Loyola Station, a 152-unit apt building with retail tenants including Halal Guys, Potbelly, Taco Bell, T-Mobile and more
- Conveniently located within one (1) mile of Lake Shore Drive and walking distance from the Loyola Red "L" Station
- Located along Sheridan Road featuring visibility to over 20,000 VPD and heavy pedestrian traffic
- Loyola University has over 17,000 students and over 2,000 staff members
- Zoning allows for a variety of uses including restaurant, medical office, retail, and service oriented businesses
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,929 SF | 3-10 Years | $35.00 /SF/YR $2.92 /SF/MO $376.74 /m²/YR $31.39 /m²/MO $8,543 /MO $102,515 /YR | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air Conditioning
- Prime retail storefront adjacent to Target
- Heavy pedestrian and vehicle traffic.
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 6418 N Sheridan Rd , Chicago, IL 60626
| Property Type | Retail | Gross Leasable Area | 35,000 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 2019 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 35,000 SF |
| Year Built | 2019 |
About the Property
Up to 5,838 square feet of prime retail space adjacent to Target at the base of the newly constructed (2019) Concord at Sheridan. The Concord at Sheridan totals 111 eco friendly apartments and is located directly across from Loyola University’s Rogers Park campus. The storefront is brand new construction and features an open interior, providing flexibility for a wide array of uses including retail, restaurant and medical office. The building features underground parking for residents, employees and customers and is well located just a couple blocks south of the Loyola Red Line “L” Station. Additionally, the space is located adjacent to the Morgan at Loyola Station, a 152-unit apartment building with ground floor retailers including Halal Guys, Potbelly, Taco Bell, Insomnia Cookies, T-Mobile, Tropical Smoothie Café and others. Other neighboring retailers include CVS/Pharmacy, Chase Bank, Chipotle, Starbucks, Dunkin’, Popeye’s Chicken and 7-Eleven, among other national retailers.
Nearby Major Retailers
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Mark Levy -
Paris Arnold -
Sequoia Realty Group
Presented by
Target Co-Tenancy - The Concord at Sheridan | 6418 N Sheridan Rd
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