251 N Randall Rd - Department Store FOR SALE


Batavia, IL 60510
$9,903,050 USD
773-963-2637
251 N Randall Rd, Batavia, IL for Sale
$9,903,050 USD
Department Store - FOR SALE
1/5
null | 8% Cap Rate

251 N Randall Rd
Batavia, IL 60510


HIGHLIGHTS

  • Long Operating History & Recent Extension
  • Top Ranking Kohl’s with Incredibly Strong Reported Sales
  • Investment Grade Guarantee from Best-in-Class Tenant
  • High Development Intersection in Dominant Retail Corridor
  • Outstanding, Affluent Demographics
  • New Roof with 20-Year Warranty

OVERVIEW

Northmarq, is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the Kohl’s property located in Batavia, IL (the “Property”). The Property consists of an 86,584-square-foot anchor pad in a 274,282 SF retail power center. Kohl’s is operating under a net lease that was recently extended until 2029. The lease also features $0.35/SF rent escalations every 5 years throughout the base and option terms, providing investors with a significant hedge against inflation.

FOR SALE DETAILS

PRICE

$9,903,050 USD

PRICE/SF

$106 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kohl's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.11 AC

LAND SF

353,272 SF

ZONING

B-3

APN/PARCEL ID

12-17-476-004

ASK ABOUT THIS PROPERTY

Isaiah HarfNorthmarqMore Info
773-963-2637

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

Isaiah HarfNorthmarqMore Info
773-963-2637

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