For Sale
$1,895,832

300 Randall Rd St. Charles, IL 60174

Net-leased bank, strong tenant, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
132
This fee-simple retail property in St. Charles, IL, offers a compelling investment opportunity. The 3,038 square foot building is currently 100% occupied by a credit-rated BMO Harris Bank under an absolute NNN lease with a corporate guarantee. The lease commenced October 1, 2014, and has a remaining term of 4.9 years, with eight five-year renewal options. The current lease features a 7.00% cap rate and a net operating income (NOI) of $132,708. Rent increases annually by 2%, providing inflation protection. Built in 1978, this single-story building is located at 300 S Randall Rd, 60174, on a signalized corner with high visibility and traffic counts exceeding 35,000 vehicles daily. The property boasts multiple drive-thru lanes and a drive-up ATM, contributing to its high bank deposits, among the highest in the county and state. The asking price is $1,895,832, translating to $624.04 per square foot. This investment offers minimal landlord responsibilities and benefits from strong demographics in a highly affluent area.

Highlights

  • No landlord responsibilities.
  • High initial bank deposits.
  • Excellent demographics in a wealthy area.
  • Investment-grade tenant in place.
  • High-visibility corner lot with traffic signal.
  • Multiple drive-thru lanes.

Property Details for 300 Randall Rd

Property type
Retail properties, Banks
Square Feet
3,038 SF
Year Built
1978
Stories
1

Location Insight

City
St. Charles
County
Kane
State
Illinois
Latitude
41.9071023
Longitude
-88.3394539

FAQs

What type of property is this?
Retail property - Net-leased bank, strong tenant, high NOI.
Where is the retail property located?
The property is located at 300 Randall Rd St. Charles, IL.
What is the asking price?
The asking price for this property is $1,895,832.
What are key features of this property?
This property features: No landlord responsibilities.; High initial bank deposits.; Excellent demographics in a wealthy area.
How can I contact the broker?
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300 Randall Rd
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