330-350 N Randall Rd - Freestanding FOR SALE


Batavia, IL 60510
$2,400,000 USD
630-301-2999
330-350 N Randall Rd, Batavia, IL for Sale
$2,400,000 USD
Freestanding - FOR SALE
1/11
null | 6.76% Cap Rate

330-350 N Randall Rd
Batavia, IL 60510


HIGHLIGHTS

  • Long Term Tenancy with recent renewals
  • New Roof 2017
  • New Parking Lot 2017
  • LED Lot Lighting Upgrades
  • Corporate Leases

OVERVIEW

This two tenant retail center is occupied by Verizon (Corporate) and FedEx. Both are long term tenants that have extended their terms. The building was constructed in 1997 and Verizon (originally Ameritech Mobile Communications Inc.) is an original tenant. FedEx signed a lease in 2006, enjoying almost 20 years of tenancy. Positioned in front of Menards, the property consists of 6,000 SF of prime space. With more than 300 feet of frontage on heavily traveled Randall Road (+/- 36,000 VPD) between the signalized intersections of Mill and McKee Roads, it boasts excellent visibility and accessibility. Located in an affluent market with an average household income of $150,421 within a three mile and a population of 49,172 within three miles, this property presents a prime investment opportunity. The corporately operated stores provide excellent stability. Verizon recently executed a 7 year extension beginning May of 2025. FedEx extended for 5 years in June of 2024. Investors have an opportunity to maintain excellent cash flow in addition to value creation by increasing rents upon renewal opportunities in the future.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$400 USD /SF

CAP RATE

6.76%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

63,862 SF

ZONING

GC

APN/PARCEL ID

12-16-351-008

ASK ABOUT THIS PROPERTY

Ryan CorcoranCorcoran Commercial Real EstateMore Info
630-301-2999

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Ryan CorcoranCorcoran Commercial Real EstateMore Info
630-301-2999

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