441 S Randall Rd - Restaurant FOR SALE


Algonquin, IL 60102
$4,113,000 USD
949-698-1115
441 S Randall Rd, Algonquin, IL for Sale
$4,113,000 USD
Restaurant - FOR SALE
1/10
null | 6.75% Cap Rate

441 S Randall Rd
Algonquin, IL 60102


HIGHLIGHTS

  • 6+ Years Remaining | Options To Extend | Scheduled Increases | Corporate Guaranteed | Long Term Tenancy
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor (11M+ Annual Visits) | National Retailers | S. Randall Road (43,700 VPD) | 2.5M+ Retail SF Within 1-Mile
  • Strong Demographics In 5-Mile Trade Area | Affluent Community

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, corporate guaranteed, Red Robin investment property located in Algonquin, Illinois. The tenant, Red Robin International, Inc., has over 6 years remaining on its lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$4,113,000 USD

PRICE/SF

$640 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Robin

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

106

LAND DETAILS

LAND ACRES

1.44 AC

LAND SF

62,726 SF

ZONING

B-2

APN/PARCEL ID

19-29-351-027

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
949-698-1115

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

Patrick LutherSRS National Net LeaseMore Info
949-698-1115

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