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Pine Tree Plaza 4311 E Lincolnway 7,000 SF of Retail Space Available in Sterling, IL 61081
HIGHLIGHTS
- Heavy daytime traffic
- Plenty of parking space
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 | 7,000 SF | 16’ | 3-5 Years | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
Largely growing commercial area. Tenant may build to suit. Store frontage / entry doors in development. Rent is negotiable based on lease terms.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air and Heating
- Finished Ceilings: 16’
- Expansive parking space.
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 PINE TREE PLAZA
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Aaron's
- Furniture/Mattress
- 1,822
- International
- Dollar Tree
- Dollar/Variety/Thrift
- 10,426
- International
- GameStop
- Game Store
- 2,957
- International
- Harbor Freight
- Hardware
- 1,847
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Aaron's | Furniture/Mattress | 1,822 | International |
| Dollar Tree | Dollar/Variety/Thrift | 10,426 | International |
| GameStop | Game Store | 2,957 | International |
| Harbor Freight | Hardware | 1,847 | National |
PROPERTY FACTS
| Total Space Available | 7,000 SF | Total Land Area | 9.55 AC |
| Property Type | Retail | Year Built | 1998 |
| Gross Leasable Area | 58,209 SF | Parking Ratio | 2.96/1,000 SF |
| Total Space Available | 7,000 SF |
| Property Type | Retail |
| Gross Leasable Area | 58,209 SF |
| Total Land Area | 9.55 AC |
| Year Built | 1998 |
| Parking Ratio | 2.96/1,000 SF |
ABOUT THE PROPERTY
Now offering 6 months of free rent upon signing an acceptable lease! Ready to go! Now is the chance to position your business amidst the heavily trafficked Pine Tree shopping complex, with lots of parking and conveniently located in the booming commercial zone of Sterling. Potential is endless with 7000 sq ft, that tenants are able to build out as needed. Triple net (NNN) lease terms. A new front double door, storefront, is in the works of development. Lease terms are flexible and negotiable.
- Corner Lot
NEARBY MAJOR RETAILERS
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Pine Tree Plaza | 4311 E Lincolnway
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