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407 S 4th St 1,500 - 3,000 SF of Office/Retail Space Available in Dunlap, IL 61525
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,500 SF | 3-5 Years | $12.00 /SF/YR $1.00 /SF/MO $18,000 /YR $1,500 /MO | Triple Net (NNN) | ||
| 1st Floor | 1,500 SF | 3-5 Years | $12.00 /SF/YR $1.00 /SF/MO $18,000 /YR $1,500 /MO | Triple Net (NNN) |
1st Floor
This drive thru restaurant space is ready for a new tenant! High traffic location right across the street from Dunlap High School and next to Casey's. Unit A was formerly a Subway restaurant and has a counter area, two restrooms, drive thru window, 3 compartment sink, water heater and utility sink already built out. The unit could be remodeled to accommodate a different use - retail/office. The dumpster is shared among tenants directly and not included in the NNN.
- Lease rate does not include utilities, property expenses or building services
1st Floor
Great location off of Route 91 in Dunlap across from Dunlap High School and Athletic Complex. Within walking distance, you will find small businesses, a gas station, the Rock Island Trail and much more! Each tenant has a unique, private entrance into their suite. This 1,500 sq. ft. is restaurant ready or can befitted out to be an office or retail space. Coffee Shop, Ice Cream Parlor, Bike Rentals or a Candy Shop are just a few examples for this space. Other tenant in the center is Debbie's Slots and Gaming Lounge. The dumpster is shared among tenants directly and not included in the NNN.
- Lease rate does not include utilities, property expenses or building services
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 | 3,000 SF | Gross Leasable Area | 4,500 SF |
| Property Type | Retail | Year Built | 2013 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 6.22/1,000 SF |
| Total Space Available | 3,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 4,500 SF |
| Year Built | 2013 |
| Parking Ratio | 6.22/1,000 SF |
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407 S 4th St
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