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1695 E Golf Rd 7,200 SF of Retail Space Available in Schaumburg, IL 60173
HIGHLIGHTS
- Excellent location featuring high visibility and easy access to Woodfield Mall, ensuring a steady flow of potential customers.
- Property is situated on 1.7 acres at a signalized intersection of Golf and Woodfield Dr.
- Spacious 7,000-square-foot retail building, fully equipped as a restaurant, complemented by ample parking for guests.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 7,200 SF | 5-20 Years | $50.00 /SF/YR $4.17 /SF/MO $360,000 /YR $30,000 /MO | Triple Net (NNN) |
1st Floor
Second Generation Restaurant (Former TGI Friday's).
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
- Central Air and Heating
- Signage available.
- Restaurant Ready
- On the ring road of the mall
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 | 7,200 SF | Gross Leasable Area | 7,200 SF |
| Property Type | Retail | Year Built | 1997 |
| Property Subtype | Restaurant | Parking Ratio | 15.56/1,000 SF |
| Total Space Available | 7,200 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 7,200 SF |
| Year Built | 1997 |
| Parking Ratio | 15.56/1,000 SF |
ABOUT THE PROPERTY
1695 E Golf Rd in Schaumburg, IL, is a prominent second-generation restaurant outparcel strategically located in the vibrant business and retail hub of Schaumburg. This property enjoys high visibility along East Golf Road, benefiting from substantial traffic counts and a robust demographic profile. Its close proximity to Woodfield Mall, one of the largest shopping destinations in the Midwest, enhances its appeal, drawing in over 27 million visitors annually. This location is ideal for businesses seeking to capitalize on the area's dynamic consumer traffic and thriving retail environment.
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
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1695 E Golf Rd
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