501 N Randall Rd - Service FOR SALE


Batavia, IL 60510
$19,988,000 USD
949-239-7618
501 N Randall Rd, Batavia, IL for Sale
$19,988,000 USD
Service - FOR SALE
1/1
null | Request Cap Rate

501 N Randall Rd
Batavia, IL 60510


HIGHLIGHTS

  • New Long-Term Lease to Tesla
  • Annual Rental Escalations within Primary Term & Options
  • Mission-Critical Delivery Hub Serving West Suburbs of Chicago, Substantial Parking On Site with 400+ Spaces
  • No Other Tesla Sales, Service & Delivery Locations Planned West of This Property
  • Ease of Access & Visibility from North Randall Road (34,600 ADT)
  • 39 Miles from Downtown Chicago

OVERVIEW

The subject property is strategically located with excellent access and visibility along North Randall Road (34,600 AADT) with close proximity to the Fabyan Parkway junction (12,000 AADT). The property benefits from robust access 2 miles from Lincoln Highway (82,000 AADT), which connects to Interstate 88 (145,100 AADT), one of the main routes to Chicago. The site benefits from robust demographics with a total daytime population of 1,119,508 within a 15-mile radius and average household income of $174,505 within a 3-mile radius. The site benefits from a prominent retail location in close proximity to shopper centers, major retail tenants, and major employers. The site is also in close proximity to major headquarters located in Batavia. Aldi Headquarters, Suncast Corporation Headquarters, and Power Packaging Headquarters are less than 5 miles from the site. The property is 0.5 miles from Winding Creek, a new residential development that will boast 100 new two-story and ranch-style single family homes. With phase 1 of the completion timeline aimed towards the end of 2025, these homes will be priced between $480,000-$740,000, catering to families and individuals seeking modern homes with convenient access to local retailers and amenities. ParaSell, Inc. | Costa Mesa, California | A Licensed Illinois Broker #478027307

FOR SALE DETAILS

PRICE

$19,988,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tesla Sales, Service & Delivery

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

400

LAND DETAILS

LAND ACRES

17.66

LAND SF

769,097

ZONING

-

APN/PARCEL ID

12-17-425-008

ASK ABOUT THIS PROPERTY

Scott ReidParaSell, Inc.More Info
949-239-7618

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Scott ReidParaSell, Inc.More Info
949-239-7618

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