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Patio Retail Centre 7840-7852 W 159th St
1,100 - 2,191 SF of Retail Space Available in Orland Park, IL 60462
Highlights
- East End Cap Unit
- Strong Traffic Counts of 38,000 VPD on 159th Street
- Space is divisible ( ±1,100 - 2,191 SF)
- High Visibility from 159th Street
- Good Space size for one tenant (2,191 SF)
- Heavy dense infill location
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste East End Cap | 1,100-2,191 SF | Negotiable | $24.00 /SF/YR $2.00 /SF/MO $52,584 /YR $4,382 /MO | Triple Net (NNN) |
1st Floor, Ste East End Cap
The space is the East end cap of the center. The 2,191 SF is in white box condition ready for a new tenant buildout. The space can be divided into 2 units ±1,100 SF each.
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- Private Restrooms
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
SELECT TENANTS AT Patio Retail Centre
- Tenant
- Description
- US Locations
- Reach
- Cd One Price Cleaners
- Cleaners
- 25
- Regional
- Pizza Hut
- Pizza
- 9,384
- International
| Tenant | Description | US Locations | Reach |
| Cd One Price Cleaners | Cleaners | 25 | Regional |
| Pizza Hut | Pizza | 9,384 | International |
PROPERTY FACTS FOR 7840-7852 W 159th St , Orland Park, IL 60462
| Total Space Available | 2,191 SF | Gross Leasable Area | 10,053 SF |
| Min. Divisible | 1,100 SF | Total Land Area | 1.45 AC |
| Property Type | Retail | Year Built | 2006 |
| Property Subtype | Freestanding | Parking Ratio | 4/1,000 SF |
| Total Space Available | 2,191 SF |
| Min. Divisible | 1,100 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 10,053 SF |
| Total Land Area | 1.45 AC |
| Year Built | 2006 |
| Parking Ratio | 4/1,000 SF |
About the Property
SVN Chicago is pleased to present for lease a 2,191 SF east end-cap space located in the Patio Retail Centre at 7840 W 159th Street in Orland Park, Cook County, IL. The space can accommodate a single major tenant or be divided into two separate units for leasing. The space is nearly in Vanilla Box condition, featuring an open layout from the floor to the roof deck with no interior walls. It boasts full glass windows on the front and east walls, two interior bathrooms, and two separate rooftop HVAC units. The Centre presently is leased to local and national tenants, Pizza Hut, a dry cleaner, nail & spa, barbershop and smoke shop. Adjacent to the Centre on the East end is the Patio BQ Ribs Rotisserie Restaurant which draws a lot of customers to this location.
Nearby Major Retailers
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Patio Retail Centre | 7840-7852 W 159th St
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