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SWC of Farrell Rd and 159th ST 1325 159th St 1,435 SF of Retail Space Available in Lockport, IL 60441
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,435 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
North endcap adjance to national tenant w/ drive-thru. Two tenant building next door to the west of a new construction Dunkin' drive-thru on the corner of 159th and Farrell Rd in Lockport.
- High Traffic and High Visibility Location
- Rapidly Developing Retail Corridor
- National Co-Tenancy
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
Select Tenants at SWC of Farrell Rd and 159th ST
- Dunkin
Property Facts
| Total Space Available | 1,435 SF | Construction Status | Proposed |
| Property Type | Retail | Cross Streets | Farrell Rd |
| Gross Leasable Area | 3,056 SF |
| Total Space Available | 1,435 SF |
| Property Type | Retail |
| Gross Leasable Area | 3,056 SF |
| Construction Status | Proposed |
| Cross Streets | Farrell Rd |
About the Property
New construction, multi-tenant retail development coming to the SW corner of Farrell Rd and E 159th St! Just north of Culver's and newly opened Panda Express. Access will be off Farrel Rd. Dunkin is confirmed for a stand-a-lone drive-thru in building 1 and another national user is slated for half of building 2. The last remaining space is now being marketed for lease. The 1,435 SF endcap will front E 159th St.
Nearby Major Retailers
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SWC of Farrell Rd and 159th ST | 1325 159th St
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