165 Randall Rd - Freestanding FOR SALE


Batavia, IL 60510
$4,781,250 USD
847-562-8500
165 Randall Rd, Batavia, IL for Sale
$4,781,250 USD
Freestanding - FOR SALE
1/6
null | 8% Cap Rate

165 Randall Rd
Batavia, IL 60510


HIGHLIGHTS

  • Established retailer with 120 locations in 12 states
  • Over 7 years remain on the primary lease term
  • Affluent area – Average household income within three miles exceeds $177,000
  • Over 110,000 people live within a five-mile radius
  • Neighboring tenants include Menards, Target, Kohl’s, Harbor Freight, Hobby Lobby, Walmart, The Home Depot, At Home, Fresh Thyme Market, Best Buy
  • Positioned across from the new Winding Creek housing development (100 single family homes)

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Slumberland Furniture property positioned within the Chicago MSA in Batavia, Illinois. Slumberland Furniture has been successfully operating at this location since June 2022 on a lease that runs through May 2032. The lease features 10% rental escalations every five years (the next taking place in 2027) and continuing throughout the two 5-year renewal options. Additionally, the lease features a corporate and personal guaranty. The 42,676-square-foot building benefits from its strategic location off North Randall Road, which sees over 34,800 vehicles per day and serves as a key thoroughfare in the area. North Randall Road is a highly trafficked retail corridor, home to national brands such as Menards, Target, Kohl’s, Harbor Freight, Hobby Lobby, Walmart, The Home Depot, At Home, Fresh Thyme Market, Best Buy, and several others. The property is situated in an affluent area, with a population earning an average household income exceeding $177,000 within a three-mile radius. The surrounding five-mile area is home to over 110,000 residents. The property is conveniently located near Batavia High School, which serves 2,000 students. Furthermore, the property is directly across from Winding Creek, a new 100-home single-family residential development. Slumberland Furniture is a leading home furnishings retailer that has been serving customers across the United States since its founding in 1967. Headquartered in Little Canada, Minnesota, Slumberland has grown into one of the largest furniture retailers in the Midwest, with over 120 stores in 12 states. The company is family-owned and prides itself on delivering high-quality furniture and mattresses at affordable prices. Slumberland’s product offerings include a wide range of furniture for living rooms, bedrooms, dining rooms, and home offices, as well as an extensive selection of mattresses from top brands like Tempur-Pedic, Sealy, and Simmons. The company is dedicated to helping customers create comfortable, stylish, and functional living spaces, emphasizing value, durability, and design.

FOR SALE DETAILS

PRICE

$4,781,250 USD

PRICE/SF

$113 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Slumberland Furniture

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

CROSS STREETS

McKee

LAND ACRES

4.45 AC

LAND SF

193,842 SF

ZONING

General Commercial

APN/PARCEL ID

12-20-230-024

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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