491 N Randall Rd - Restaurant FOR SALE
Batavia, IL 60510 |
$1,800,000 USD
888-993-5344
491 N Randall Rd
Batavia, IL 60510
HIGHLIGHTS
- 8 Years Remaining on Corporate Lease to Chili’s Grill & Bar; Guaranteed by Brinker International, Inc. (NYSE: EAT); Chicago MSA, IL
- Absolute NNN Ground Lease with Zero Landlord Responsibilities; 5% Rent Increase in Initial Term
- Long Term Operational History at this Location with Nearly 30 Years of Occupancy; Four Renewal Options with 10% Rental Increases at Each Option
- Outparcel to 137,000 SF Community Shopping Center; Center is Anchored by ALDI, Hobby Lobby, Harbor Freight, Office Max, KOHLS
- Affluent Suburb of Chicagoland MSA; Average Household Income Exceeds $150,000 within 3 Miles
- High Traffic Counts along Randall Rd; 34,700+ Cars Per Day
FOR SALE DETAILS
PRICE
$1,800,000 USD
PRICE/SF
$300 USD /SF
CAP RATE
5.55%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Abs. NNN Ground Lease Chili's Grill & Bar
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Freestanding, Storefront, undefined
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.26 AC
LAND SF
54,886 SF
ZONING
B-3
APN/PARCEL ID
12-17-476-002
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888-993-5344
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888-993-5344
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