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CVS 4777 N Milwaukee Ave 10,880 SF of Retail Space Available in Chicago, IL 60630
HIGHLIGHTS
- Rare opportunity to lease a freestanding building with drive-thru in Chicago's Portage Park neighborhood
- The building features 18-foot ceiling heights, an existing drive-thru lane, a parking lot totaling 38-surface level spaces and a spacious interior fle
- Located at the SEC of the signalized intersection of Lawrence Avenue and Milwaukee Avenue, featuring exposure to approximately ~23,000 VPD
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 4777 | 10,880 SF | Negotiable | $31.41 CAD/SF/YR $2.62 CAD/SF/MO $341,721 CAD/YR $28,477 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 4777
10,880 SF freestanding building with drive-thru for lease at the SE corner of the signalized intersection at Lawrence Avenue & Milwaukee Avenue on Chicago's northwest side. Located within Chicago's Portage Park neighborhood, the former CVS Pharmacy provides an opportunity to lease a freestanding building featuring a spacious interior, 18-foot ceiling heights, pylon signage at the signalized intersection (~23,000 VPD), and a 38 space parking lot. The building is conveniently located approximately two (2) blocks west of the Kennedy Expressway (I-90/I-94) and within Portage Park's primary commercial corridor, surrounded by a variety of retail, service oriented businesses, and directly across the street from Copernicus Center, which host local events throughout the year. Additionally, the building is located just blocks from the Jefferson Park Metra Station, which provides direct access to downtown Chicago and O'Hare International Airport. Neighboring retailers include Jewel Osco, Target, Mariano's. Marshalls, Ross Dress For less, PetSmart, Starbucks, Dollar Tree, North Shore Immediate Care, Chipotle, McDonald's, Popeye's among several others.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Convenience Store
- Highly Desirable End Cap Space
- Space is in Excellent Condition
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 | 10,880 SF | Gross Leasable Area | 10,880 SF |
| Property Type | Retail | Year Built | 2003 |
| Property Subtype | Drug Store | Parking Ratio | 3.49/1,000 SF |
| Total Space Available | 10,880 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 10,880 SF |
| Year Built | 2003 |
| Parking Ratio | 3.49/1,000 SF |
ABOUT THE PROPERTY
Corner of Milwaukee & Lawrence Avenue. Excellent corner exposure on a lighted intersection with pylon signage on both thoroughfares. Surface parking lot with approximately 38 spaces.2 blocks west of direct access to the Kennedy Expressway. The Kennedy Expressway feeds into O’Hare International Airport, 6 miles away. Across the street from the Copernicus Center event venue. Neighboring tenants include Jewel, Starbucks, TCF Bank, McDonald’s & Popeyes.
NEARBY MAJOR RETAILERS
CONTACTS
-
Matt Tarshis -
Andrew Rubin -
Andrew Picchietti -
Zack Pearlstein -
Andrew Slovis -
Frontline Real Estate Partners
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CVS | 4777 N Milwaukee Ave
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