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Regal Cinemas & IMAX 300 Parkway Dr 75,273 SF of 4-Star Retail Space Available in Lincolnshire, IL 60069
HIGHLIGHTS
- Opportunity to lease a former Regal IMAX Theater with tons of infrastructure in-place
- Submerged within an affluent northwest suburb with an average household income of approximately $144,000/yr
- Part of a larger development including Wildfire, Big Bowl, Hampton Inn & Suites, City Park of Lincolnshire, City Park Corporate Park
- Located just two (2) miles south of Stevenson High School, one of the largest public schools in the State
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 75,273 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
Ground
Opportunity to lease the former Regal Lincolnshire & IMAX Theater located at 300 Parkway Drive in north suburban Lincolnshire (Chicago MSA). The 75,372 SF former movie theater sits on 11.33-acres and is well located within Lincolnshire, adjacent to the\ newly developed 444 Social, a 302-unit luxury apartment building. The Property features several screening rooms, ADA compliant bathrooms, vaulted ceiling heights, upgraded fire and safety infrastructure, an 800 surface level parking lot (10.6/1,000 SF), and monument signage at the signalized intersection (Milwaukee Ave/Aptakisic Rd), providing visibility and exposure to 40,000+ VPD. The property, located just west of Milwaukee Avenue, a primary north/south thoroughfare within the northern suburbs, is part of a larger development including Wildfire, Big Bowl, Hampton Inn & Suites, City Park of Lincolnshire (a 80,000 SF retail center), City Park Corporate Center (a 73,000 SF office building), and Extra Space Storage. The property is also surrounded by retail to the north and south including the development approx. one (1) mile to the south including Woodman's Food Market, Starbucks, Panera Bread, Potbelly, Sunnyside Dispensary, Mod Pizza, and Great Clips, among others. Lastly, the offering finds itself approx. two (2) miles south of Adlai E. Stevenson High School, which is one of the largest public schools in the State (approx. 4,100 students).
- Fully Built-Out as a Movie Theater
- Space is an outparcel at this property
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
| Total Space Available | 75,273 SF | Gross Leasable Area | 75,273 SF |
| Property Type | Retail | Year Built/Renovated | 1998/2017 |
| Property Subtype | Movie Theatre | Parking Ratio | 20.67/1,000 SF |
| Total Space Available | 75,273 SF |
| Property Type | Retail |
| Property Subtype | Movie Theatre |
| Gross Leasable Area | 75,273 SF |
| Year Built/Renovated | 1998/2017 |
| Parking Ratio | 20.67/1,000 SF |
NEARBY MAJOR RETAILERS
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
CONTACTS
-
Matt Tarshis -
Andrew Rubin -
Andrew Picchietti -
Zack Pearlstein -
Andrew Slovis -
Frontline Real Estate Partners
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Regal Cinemas & IMAX | 300 Parkway Dr
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