400 Randall Rd Elgin, IL 60123

This exceptional 15,233 square foot, multi-tenant retail center in Elgin, IL, presents a compelling stabilized investment opportunity. Boasting a 100% occupancy rate and a strong 7.00% cap rate, this property generates a substantial net operating income (NOI) of $217,537. The seven tenants, including Enterprise Rent-A-Car, Jimmy John's, Oberweis Dairy, and H&R Block, are secured by landlord-favorable net leases, minimizing landlord responsibilities. Situated on a 1.77-acre lot at 400 S. Randall Rd., this single-story, 1999-built center benefits from high visibility and ample parking. Its prime location on Randall Road, a major retail thoroughfare with over 50,510 vehicles per day (VPD), and its proximity to US Highway 20 (42,605 VPD) ensure exceptional traffic exposure. The property is further enhanced by its strategic placement near a large shopping center with over 235,000 square feet of retail space and numerous big-box retailers. The surrounding area boasts strong demographics, including an average household income exceeding $122,500 and a population of over 74,419 within a 3-mile radius. This location is surrounded by national retailers such as Target, Hobby Lobby, Party City, Burlington, Big Lots, Aldi, Meijer, Menards, Sam's Club, and Walmart, creating a vibrant and thriving retail environment. The asking price is $3,100,000. This is a rare opportunity to acquire a high-performing, multi-tenant retail property in a desirable location with significant growth potential.