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Parrot Plaza 1401 W North Ave
1,550 SF of Retail Space Available in Melrose Park, IL 60160
Highlights
- Located directly across the street from Winston Plaza featuring tenants Best Buy, Dollar Tree, Five Below, Marshalls, Party City, Ross Dress For Less,
- Opportunity to join co-tenants Huntington Bank, Dental Town, and Fred Loya Insurance
- Visibility and exposure to over 50,000 VPD along North Avenue
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste A | 1,550 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable |
1401 W North Ave - 1st Floor - Ste A
Retail space for lease at Parrot Plaza, a multi-tenant retail building along North Ave, just east of the signalized intersection at W. North Avenue & George Street, in Melrose Park. The center presents an opportunity to join co-tenants Huntington Bank, Dental Town, and Fred Loya Insurance. Constructed in 2009, the center sits on a 0.5 AC lot with 241' of frontage along George St and 129' of Frontage along W North Ave, providing visibility and exposure to over 50,000 VPD. The center is surrounded by national retailers including Target, Best Buy, Walgreens, Marshall's, Jewel-Osco, Office Max, Dunkin Donuts, Chuck E. Cheese, Sally Beauty, Chick-fil-A, Aldi, AutoZone, Game Stop, O'Reilly Auto Parts, Starbucks, Hooters, and Curaleaf, among many others
- Monument signage available along North Avenue
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 1401 W North Ave , Melrose Park, IL 60160
About the Property
Retail space for lease at Parrot Plaza, a multi-tenant retail building along North Ave, just east of the signalized intersection at W. North Ave and George Street, in Melrose Park. The center presents an opportunity to join co-tenants Huntington Bank, Dental Town, and Fred Loya Insurance. Constructed in 2009, the center sits on a 0.5 AC lot with 241’ of frontage along George St and 129’ of Frontage along W North Ave, providing visibility and exposure to over 50,000 VPD. The center is surrounded by national retailers including Target, ALDI, Best Buy, Walgreens, Marshall's, Jewel-Osco, Office Max, Dunkin Donuts, Chuck E. Cheese, Sally Beauty, Chick-Fil-A, AutoZone, Game Stop, O'Reilly Auto Parts, Starbucks, Hooters, and Curaleaf, among many others
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
Contacts
-
Matt Tarshis -
Andrew Rubin -
Andrew Picchietti -
Zack Pearlstein -
Frontline Real Estate Partners
Presented by
Parrot Plaza | 1401 W North Ave
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