491 Randall RdBatavia, IL 60510

Property Details for 491 Randall Rd

Year built

1999

Lot size

1.26 AC

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 5,547 square foot Chili's restaurant located on a 1.26-acre lot at 491 N Randall Rd, Batavia, IL 60510. The property is situated in a high-traffic retail corridor with excellent visibility, boasting a 6.00% cap rate and a strong net operating income (NOI) of $99,825. The absolute NNN ground lease with Chili's features approximately 9.1 years remaining, extending to December 31, 2033, with built-in rent bumps of 5% in 2029 and 10% at option renewal. Four five-year lease options are available. The tenant, Chili's, has occupied this location since December 17, 1998, demonstrating a long-term commitment to the site. This prominent outparcel location is part of the Wind Point Shopping Center, experiencing 1.7 million annual visits, and is adjacent to a top 15% nationwide Kohl's location and the new Winding Creek residential development (165+ homes). The property benefits from strong demographics, including a daytime population of 124,405 within a 5-mile radius and an average household income of $162,071 within 3 miles. The site enjoys convenient access to major roadways, including the I-88 arterial and North Randall Road (34,600 AADT), and is near Northwestern Medicine Delnor Hospital and Fermilab. The building was constructed in 1999. This is a truly passive investment with no landlord responsibilities. The asking price is $1,664,000.

Location Insight

City

Batavia

County

Kane

State

Illinois

Latitude

41.8586

Longitude

-88.3412

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].