1721 Randall Rd - Restaurant FOR SALE


Algonquin, IL 60102
$5,916,250 USD
630-570-2169
1721 Randall Rd, Algonquin, IL for Sale
$5,916,250 USD
Restaurant - FOR SALE
1/12
null | 6% Cap Rate

1721 Randall Rd
Algonquin, IL 60102


HIGHLIGHTS

  • New 2025 Construction with Premier Tenancy and Long-Term Leases | Chipotle 15 Years & First Watch 12 Years
  • High-Traffic, Synergistic Development | Part of “The Enclave”, a 70-Acre Mixed-Use Development
  • Strategic Location in a Thriving Retail Hub | Retail Spans a 2.8-Mile Stretch, Filling a Critical Void for Nearby Communities
  • Adjacent to Algonquin Commons, Which Draws Over 5.1 Million Annual Visitors (Placer.ai)
  • Average Household Income of $152,151 Within a Mile Radius
  • Property Features a High-Demand “Chipot-Lane” for Mobile Order Pickup

OVERVIEW

This newly constructed, two-tenant property (2025) presents a rare investment opportunity in a prime retail location, featuring national, internet-resistant tenants secured by long-term leases. Chipotle has committed to an exceptional 15-year lease, complete with a mobile order pickup lane—a notable extension beyond their standard 10-year agreements. First Watch complements this with a 12-year lease. Furthermore, both tenants have 10 percent rent increases every five years. Strategically situated in an affluent, high-growth area within the Chicago MSA, the property is located in a thriving 2.8-mile retail corridor at the heart of “The Enclave” development. This dynamic hub boasts synergistic tenants and ongoing development activity. By 2029, the population within a one-mile radius is projected to increase by over three percent, with the average household income exceeding $168,000.

FOR SALE DETAILS

PRICE

$5,916,250 USD

PRICE/SF

$962 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle & First Watch

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

89

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

03-05-151-005-0000

ASK ABOUT THIS PROPERTY

Austin WeisenbeckSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2169

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Austin WeisenbeckSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2169

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.