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215 W Lincoln Hwy 2,119 SF of Retail Space Available in Dekalb, IL 60115
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,119 SF | Negotiable | $24.92 /SF/YR $2.08 /SF/MO $52,805 /YR $4,400 /MO | Modified Gross |
1st Floor
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café 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 | 2,119 SF | Gross Leasable Area | 2,119 SF |
| Property Type | Retail | Year Built | 1989 |
| Property Subtype | Restaurant | Parking Ratio | 11.33/1,000 SF |
| Total Space Available | 2,119 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 2,119 SF |
| Year Built | 1989 |
| Parking Ratio | 11.33/1,000 SF |
About the Property
Fully-Equipped Fast-Food Restaurant Space For Lease DeKalb, IL - Near NIU! Bring Your Concept Here - No Restrictions - Can Also Add A Drive-Thru Simple operation - counter service. Dine-in, plus HUGE carry-out and delivery business. Also, many deliveries to campus, businesses, offices and manufactures in the area! Modern buildout. Landlord owns all the equipment. Well established restaurant for over 42 years. Did $1.2 million a year in sales. Bring your concept here! No restrictions. Can also add a drive-thru. Location: Prime corner retail space in a freestanding building in the heart of the downtown of DeKalb. On Lincoln Hwy (Route 38) a major thoroughfare with high traffic volumes and its main retail corridor with many other restaurants and retailers. Also close to homes, businesses and hotels, as well as campus with dorms, student apartments and athletic facilities including a 10,000-seat Convocation Center and a 24,000-seat stadium. Surrounded by a dense residential area of about 44,000 residents within a 3-mile radius and Northern Illinois University (NIU), a major Midwestern research University with enrollment of over 25,000 graduate/undergraduate students and 3,000 faculty/support staff. The total population of DeKalb County is 104,000! Plus, Ferrara Candy Factory just opened adding 500 new jobs and a massive Facebook Data Center is being built nearby. The center is one of only 12 campuses in the country and 16 in the world. Local government and business officials expect both to greatly benefit the local economy! Year Established: 1980 Lease Information: Space for lease for $4,400/mth modified gross. Flexible landlord offering a new 5-year lease with options. Square Feet: +- 2,000 Seating: 60 Days/Hrs of Operation: Currently Closed Gross Sales: (Space For Lease) Net Operating Income: (Space For Lease) Value of FF&E: Not Included In Asking Price (Landlord Owns) Value of Inventory: Not Included In Asking Price Seller Financing Available: No Reasons for Selling: Space available. Competition/Market: Great rent. Efficiently set up for large volumes. Ample seating and parking. Plus, great signage, excellent frontage, fantastic visibility, high traffic counts and easy access. A+ location. High profile spot. Conveniently located. In the heart of Dekalb’s commercial district close to the university. On restaurant row next to campus. Tons of foot and vehicle traffic. Ideally positioned in this growing far western suburb! Growth & Expansion: Landmark restaurant space. Popular spot for locals, visitors, families, colleagues, faculty and students alike. In a growing area that also features many golf courses and attractions. And a booming hospitality market with 3 major hotels within a short distance. Plus, lots of new developments nearby including the new Facebook Data Center, Ferraro Candy and several other factories. Feel free to stop by the location first. This is a highly confidential listing. If interested, contact EatZ for more information. Showings by appointment only. Listed By Ted Aretos at EatZ & Associates / EatZ Real Estate Group LLC
- Corner Lot
- Restaurant
- Air Conditioning
Nearby Major Retailers
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215 W Lincoln Hwy
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