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Clock Tower Plaza 1-55 Clock Tower Plz 2,350 - 11,850 SF of Retail Space Available in Elgin, IL 60120
HIGHLIGHTS
- Butera anchored neighborhood center with national tenants; Dunkin, Baskin Robbins, Buffalo Wild Wings TO GO, Subway, Boost Mobile, Family Dollar/Dolla
- Busy center with ample parking
- Located along the Fox River across the street from the Elgin Grand Victoria Riverboat Casino
- Multiple access points to the center. The main access is at the lighted entrance at National Street with additional access points off of Times Square
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 19 | 2,350 SF | 5 Years | $22.26 CAD/SF/YR $1.85 CAD/SF/MO $52,311 CAD/YR $4,359 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 23-25 | 3,000 SF | Negotiable | $23.65 CAD/SF/YR $1.97 CAD/SF/MO $70,953 CAD/YR $5,913 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 7 | 6,500 SF | 5 Years | $20.87 CAD/SF/YR $1.74 CAD/SF/MO $135,646 CAD/YR $11,304 CAD/MO | Triple Net (NNN) |
1-19 Clock Tower Plz - 1st Floor - Ste 19
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
21-59 Clock Tower Plz - 1st Floor - Ste 23-25
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
1-19 Clock Tower Plz - 1st Floor - Ste 7
Former Restaurant with 6,500 SF. Can demise the 6,500 SF space if necessary.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Built out as a restaurant.
- Would be willing to demise the 6,500 SF
- Butera Anchored Center
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
PROPERTY FACTS
| Total Space Available | 11,850 SF | Frontage | Clock Tower |
| Center Type | Neighborhood Center | Gross Leasable Area | 123,254 SF |
| Parking | 516 Spaces | Total Land Area | 45.85 AC |
| Stores | 24 | Year Built | 1987 |
| Center Properties | 4 |
| Total Space Available | 11,850 SF |
| Center Type | Neighborhood Center |
| Parking | 516 Spaces |
| Stores | 24 |
| Center Properties | 4 |
| Frontage | Clock Tower |
| Gross Leasable Area | 123,254 SF |
| Total Land Area | 45.85 AC |
| Year Built | 1987 |
ABOUT THE PROPERTY
Butera anchored neighborhood center with national tenants; Dunkin, Baskin Robbins, Buffalo Wild Wings TO GO, Subway, Boost Mobile, Family Dollar/Dollar Tree, Rent-A-Center, and Metro by T-Mobile. Located along the Fox River across the street from the Elgin Grand Victoria Riverboat Casino. Busy center with ample parking. Multiple access points to the center. The main access is at the lighted entrance at National Street with additional access points off of Times Square Drive to the west and Wellington Avenue to the east.
- Banking
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
Presented by
Clock Tower Plaza | 1-55 Clock Tower Plz
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