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Elk Grove Town Center 980 Elk Grove Town Ctr 2,999 SF of Office Space Available in Elk Grove Village, IL 60007
HIGHLIGHTS
- Located 1 mile east of IL-53 and I-290 with full access.
- Within proximity to the new Elk Grove Technology Park and Elk Grove Classic Cinemas Theater with 10 screens.
- Co-tenants with national credit ratings under ownership include Popeye's, Chipotle, Jimmy John's, Buffalo Wild Wings.
- Situated at the signalized intersection of S Arlington Heights Rd and Biesterfield Rd.
- Near the Charles J. Zettek Municipal complex (Police, Fire, Chamber of Commerce, etc.).
- Situated less than a quarter mile away from Alexian Brothers Hospital and features easy access to and from O'Hare Airport.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 7A | 2,999 SF | 1-15 Years | $34.90 CAD/SF/YR $2.91 CAD/SF/MO $104,659 CAD/YR $8,722 CAD/MO | Triple Net (NNN) |
954-980 Elk Grove Town Ctr - 1st Floor - Ste 7A
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- 2 Private Offices
- Central Air and Heating
- Reception Area
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 ELK GROVE TOWN CENTER
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- AthletiCo Physical Therapy
- -
- -
- -
- Buffalo Wild Wings
- -
- -
- -
- Chase
- -
- -
- -
- Dollar Tree
- Dollar/Variety/Thrift
- 10,426
- International
- Good Tequila's
- -
- -
- -
- Planet Fitness
- -
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| AthletiCo Physical Therapy | - | - | - |
| Buffalo Wild Wings | - | - | - |
| Chase | - | - | - |
| Dollar Tree | Dollar/Variety/Thrift | 10,426 | International |
| Good Tequila's | - | - | - |
| Planet Fitness | - | - | - |
PROPERTY FACTS
| Total Space Available | 2,999 SF | Frontage | |
| Center Type | Community Center | Gross Leasable Area | 133,309 SF |
| Parking | 799 Spaces | Total Land Area | 35.57 AC |
| Stores | 17 | Year Built | 1998 |
| Center Properties | 9 |
| Total Space Available | 2,999 SF |
| Center Type | Community Center |
| Parking | 799 Spaces |
| Stores | 17 |
| Center Properties | 9 |
| Frontage | |
| Gross Leasable Area | 133,309 SF |
| Total Land Area | 35.57 AC |
| Year Built | 1998 |
ABOUT THE PROPERTY
Elk Grove Town Center is located in the affluent and densely populated Elk Grove Village community. Featuring a diverse mix of national brand tenants, including Dollar Tree, Planet Fitness, Buffalo Wild Wings, and Chase Bank, it occupies a prime position at the bustling intersection of Biesterfield Road and Arlington Heights Road. The property enjoys a strategic location just 1.5 miles east of the expansive 4,000-acre Elk Grove Village Business Park, the largest of its kind in the nation, and is conveniently less than five miles from O’Hare International Airport.
- Banking
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Monument Signage
DEMOGRAPHICS
Demographics
NEARBY MAJOR RETAILERS
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Elk Grove Town Center | 980 Elk Grove Town Ctr
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