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540 Cortland Dr 26,371 SF of Retail Space Available in Lake Zurich, IL 60047
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 26,371 SF | 5-15 Years | $16.75 CAD/SF/YR $1.40 CAD/SF/MO $441,742 CAD/YR $36,812 CAD/MO | Triple Net (NNN) |
1st Floor
Take advantage of this exceptional opportunity to lease a highly trafficked retail property located directly on Rt. 22 and 1/2 mile to Rt. 12 in Lake Zurich. This prominent 26,371 sf foot retail building includes 19,000 SF on the first floor and 7,371 SF on the second floor (MUST BE LEASED TOGETHER FOR 26,371 SF). Located next to national brand retailers such as Trader Joes, Petco, Office Max and Jewel. Costco and Home Depot within a mile of the building along with many restaurants and other samller retail shops. The small warehouse area offers drive in doors for easy loading and unloading.The building was remodeled in 2016 and 2021 including stain floor concrete, updated elevator, plus many other miscelanneous improvements. Do not contact or disturb employees or current tenant.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Heavy Traffic Counts
- Great Location on Rt. 22
- Large showroom
- Close to other National Tenants and restaurants
- Ample Parking
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 | 26,371 SF | Gross Leasable Area | 26,371 SF |
| Property Type | Retail | Year Built/Renovated | 1995/2016 |
| Property Subtype | Storefront | Parking Ratio | 2.43/1,000 SF |
| Total Space Available | 26,371 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 26,371 SF |
| Year Built/Renovated | 1995/2016 |
| Parking Ratio | 2.43/1,000 SF |
FEATURES AND AMENITIES
- Corner Lot
- Pylon Sign
- Security System
- Signage
- Skylights
- Tenant Controlled HVAC
- Air Conditioning
NEARBY MAJOR RETAILERS
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540 Cortland Dr
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