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2506 N Randall Rd 1,739 SF of Retail Space Available in Elgin, IL 60124
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 2506 | 1,739 SF | 14’ | Negotiable | $32.00 /SF/YR $2.67 /SF/MO $55,648 /YR $4,637 /MO | Triple Net (NNN) |
1st Floor, Ste 2506
FORMER RESTAURANT SPACE!1,739 SF Former 1,739 SF restaurant for lease. A 20 x 18 outdoor patio for seasonal dining is included at no extra cost. Located on high traffic Randall Rd (45,000 vehicles per one mile north of I-90. Total of 95 common parking spaces (12 per 1,000 SF). Prior tenant is asking for $60,000 to leave all the fixtures, furniture and equipment (e.g. upright coolers, upright freezers, hood and fire suppression system, range, deep fryer, booths, tables, chairs, racks, cookware, and supplies). Dining area has 14 ft high open ceiling. Signage opportunities are above the front entrance and two monument signs. Other tenants include Chipotle, Verizon, and Poke West.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Central Air Conditioning
- Kitchen
- Finished Ceilings: 14’
- Furnishings available!
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 2506 N RANDALL RD, ELGIN, IL 60124
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Chipotle Mexican Grill
- Fast-food
- 5,238
- International
- Poke West
- Accommodation and Food Services
- 1
- -
- Verizon
- Wireless Communications
- 8,462
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Chipotle Mexican Grill | Fast-food | 5,238 | International |
| Poke West | Accommodation and Food Services | 1 | - |
| Verizon | Wireless Communications | 8,462 | International |
PROPERTY FACTS
| Total Space Available | 1,739 SF | Year Built | 2019 |
| Property Type | Retail | Parking Ratio | 9.75/1,000 SF |
| Gross Leasable Area | 7,896 SF |
| Total Space Available | 1,739 SF |
| Property Type | Retail |
| Gross Leasable Area | 7,896 SF |
| Year Built | 2019 |
| Parking Ratio | 9.75/1,000 SF |
ABOUT THE PROPERTY
FORMER RESTAURANT SPACE 1,739 SF • Former 1,739 SF restaurant for lease. A 20 x 18 outdoor patio for seasonal dining is included at no extra cost. • Located on high traffic Randall Rd (45,000 vehicles per) one mile north of I-90. • Total of 95 common parking spaces (12 per 1,000 SF). • Prior tenant is asking for $60,000 to leave all the fixtures, furniture and equipment (e.g. upright coolers, upright freezers, hood and fire suppression system, range, deep fryer, booths, tables, chairs, racks, cookware, and supplies). • Dining area has 14 ft high open ceiling. • Signage opportunities are above the front entrance and two monument signs. • Other tenants include Chipotle, Verizon, and Poke West.
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
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2506 N Randall Rd
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