224-628-4005
2323 Fargo Blvd, Geneva, IL for Sale
Freestanding - FOR SALE
1/10
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2323 Fargo Blvd
Geneva, IL 60134


HIGHLIGHTS

  • Caravel Autism Health occupies the building under a net lease structure, minimizing landlord responsibilities.
  • Lease includes scheduled rent increases, providing consistent cash flow through the remaining term.
  • Prominent monument signage and frontage along Randall Road with traffic levels around 31,400 VPD.
  • Situated in Geneva’s primary commercial corridor, neighboring major retailers and businesses.
  • Property is highly accessible and positioned within an affluent residential area, attracting strong consumer demand.

OVERVIEW

2323 Fargo Boulevard presents investors with the opportunity to acquire a 10,452-square-foot, single-tenant freestanding healthcare services asset in Geneva, Illinois. The building is 100% occupied by Caravel Autism Health, a specialized provider of autism diagnostic evaluations and ABA therapy for children. The Property is operated under a net lease structure, with tenant responsible for real estate taxes, operating expenses, utilities, and certain shared easement maintenance costs, providing investors with a passive income profile and limited landlord expense exposure. Caravel has leased at the Property since 2021 and recently extended its lease through May 31, 2029, with two (2) additional three-year renewal options, demonstrating continued commitment to the location. Located just off South Randall Road (~31,400 VPD), the Property benefits from monument signage visibility along Randall Road, along Geneva’s primary commercial corridor, surrounded by a strong retail presence that drives consistent consumer traffic and reinforces the area’s long-term real estate fundamentals. With contractual rent growth, a specialized service-based tenant, and a net lease structure in place, the offering provides investors with stable in-place cash flow backed by a mission-critical healthcare/education use in an established, high-income Fox Valley trade area. Neighboring retailers include Target, Jewel-Osco, ALDI, The Home Depot, Best Buy, PetSmart, Ross Dress for Less, Sierra, Dick’s Sporting Goods, and Fresh Thyme Market

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

B1

APN/PARCEL ID

12-09-151-006

ASK ABOUT THIS PROPERTY

Andrew RubinFrontline Real Estate PartnersMore Info
224-628-4005

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Andrew RubinFrontline Real Estate PartnersMore Info
224-628-4005

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