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742 W Higgins Rd
1,500 SF of Retail Space Available in Park Ridge, IL 60068
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 2 | 1,500 SF | Negotiable | $63.78 CAD/SF/YR $5.32 CAD/SF/MO $686.56 CAD/m²/YR $57.21 CAD/m²/MO $7,973 CAD/MO $95,676 CAD/YR | Modified Gross |
742 W Higgins Rd - 1st Floor - Ste 2
Fully functioning restaurant space currently being used as a fast food / pizza restaurant space. Lease will include the use of all the kitchen equipment along with dining area tables and chairs. Kitchen equipped with 20 ft hood, and nearly all the kitchen equipment will be included in this lease. A list of kitchen equipment includes: Walk in freezer Walk in refrigerator Griddle Fryer Grill top Double pizza ovens Multiple Coolers Beverage refrigerator Multiple Prep tables Lease is being offered for the space, business is not included. Space also has a large mezzanine which can be used as storage / break room with separate bathroom. Please contact us with further questions.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Fast Food Restaurant
- Located in-line with other retail
- Space is in Excellent Condition
- Fully Functioning Restaurant with Equipment
- Separate HVAC for Dinning and Kitchen Areas
- Mezzanine for Storage and Private bathroom
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 742 W Higgins Rd, Park Ridge, IL 60068
- Tenant
- Description
- US Locations
- Reach
- Baskin-Robbins
- Ice Cream
- 5,007
- International
- Dunkin'
- Donut Shop
- 13,016
- International
- Floyd's Barbershop
- Salon/Barber/Spa
- 155
- National
- Prime Tobacco & Cigar
- Tobacco
- 1
- -
| Tenant | Description | US Locations | Reach |
| Baskin-Robbins | Ice Cream | 5,007 | International |
| Dunkin' | Donut Shop | 13,016 | International |
| Floyd's Barbershop | Salon/Barber/Spa | 155 | National |
| Prime Tobacco & Cigar | Tobacco | 1 | - |
PROPERTY FACTS FOR 742 W Higgins Rd , Park Ridge, IL 60068
| Center Type | Strip Center | Frontage | |
| Parking | 27 Spaces | Gross Leasable Area | 10,000 SF |
| Stores | 10 | Total Land Area | 0.73 AC |
| Center Properties | 1 | Year Built | 2010 |
| Center Type | Strip Center |
| Parking | 27 Spaces |
| Stores | 10 |
| Center Properties | 1 |
| Frontage | |
| Gross Leasable Area | 10,000 SF |
| Total Land Area | 0.73 AC |
| Year Built | 2010 |
About the Property
Wonderful Park Ridge location with visibility from the 90 Kennedy Expressway. Current list of tenant includes DUA fine dining, Floyd’s Barber shop, Dunkin’ Donuts and Prime tobacco and cigar.
- 24 Hour Access
- Bus Line
- Corner Lot
- Freeway Visibility
- Metro/Subway
- Mezzanine
- Restaurant
- Signage
- Signalized Intersection
- Skylights
- Tenant Controlled HVAC
Nearby Major Retailers
-
Leo Loukas - VRG
Presented by
VRG
742 W Higgins Rd
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