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Devon Prospect Plaza 355-399 S Prospect Ave
1,500 - 4,200 SF of Retail Space Available in Bartlett, IL 60103
Highlights
- Heavy daytime vehicle traffic
- Delivered in warm shell condition
- Lots of natural light
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 365 | 2,700 SF | 1-10 Years | $10.00 USD/SF/YR $0.83 USD/SF/MO $107.64 USD/m²/YR $8.97 USD/m²/MO $2,250 USD/MO $27,000 USD/YR | Triple Net (NNN) | ||
| 1st Floor, Ste 395 | 1,500 SF | 1-10 Years | $10.00 USD/SF/YR $0.83 USD/SF/MO $107.64 USD/m²/YR $8.97 USD/m²/MO $1,250 USD/MO $15,000 USD/YR | Triple Net (NNN) |
355-399 S Prospect Ave - 1st Floor - Ste 365
Located in one of Chicago's west suburbs, this densely populated area benefits from incredible traffic on both weekdays and weekends. The property’s long term tenancy testifies to its outstanding location within the area: nearly 70 percent of current tenancy having been in operation for over ten years. The most recent long term renewals this year by 7-11 and National Karate, two of the asset’s largest and successful tenants, executed well in advance of the required option notice time frame, demonstrates their strong commitment to the site and desirability of the location.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air and Heating
- Private Restrooms
- Drop Ceilings
355-399 S Prospect Ave - 1st Floor - Ste 395
Located in one of Chicago's west suburbs, this densely populated area benefits from incredible traffic on both weekdays and weekends. The property’s long term tenancy testifies to its outstanding location within the area: nearly 70 percent of current tenancy having been in operation for over ten years. The most recent long term renewals this year by 7-11 and National Karate, two of the asset’s largest and successful tenants, executed well in advance of the required option notice time frame, demonstrates their strong commitment to the site and desirability of the location.
- Lease rate does not include utilities, property expenses or building services
- Central Air and Heating
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 Devon Prospect Plaza
- 7-11
- National Karate Schools
PROPERTY FACTS FOR 355-399 S Prospect Ave , Bartlett, IL 60103
| Center Type | Strip Center | Frontage | |
| Parking | 135 Spaces | Gross Leasable Area | 20,500 SF |
| Stores | 1 | Total Land Area | 4.59 AC |
| Center Properties | 1 | Year Built | 1988 |
| Center Type | Strip Center |
| Parking | 135 Spaces |
| Stores | 1 |
| Center Properties | 1 |
| Frontage | |
| Gross Leasable Area | 20,500 SF |
| Total Land Area | 4.59 AC |
| Year Built | 1988 |
About the Property
Located in one of Chicago's west suburbs, this densely populated area benefits from incredible traffic on both weekdays and weekends. The property’s long term tenancy testifies to its outstanding location within the area. The most recent long term renewals this year by 7-11 and National Karate, two of the asset’s largest and successful tenants, executed well in advance of the required option notice timeframe, demonstrates their strong commitment to the site and desirability of the location.
Nearby Major Retailers
Contacts
-
Carlo Santucci -
Joseph Santucci -
Jose Jimenez -
Avalon Realty Associates, L.L.C.
Presented by
Devon Prospect Plaza | 355-399 S Prospect Ave
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