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    441 S Randall Rd Algonquin, IL

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    For Sale
    $4,113,000

    NNN leased Red Robin with rental increases in Algonquin, Illinois.

    Property size:
    6,970 SF
    Lot size:
    1.31 Acres

    Property Features for 441 S Randall Rd

    General Information

    Size
    6,970 SF
    Lot size
    1.31 Acres

    Source: SRS Industrial - Newport Beach Agent Patrick R. Luther, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Red Robin Investment Property

    This is an opportunity to acquire the fee simple interest in a freestanding, corporate guaranteed, Red Robin investment property in Algonquin, Illinois. The property is subject to an absolute NNN lease with zero landlord responsibilities. The tenant, Red Robin International, Inc., has over 6 years remaining on its lease, with 4 (5-year) options to extend. The lease features 7% rental increases every 5 years throughout the initial term and at the beginning of each option period. The property is approximately 6,970 square feet.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Algonquin
    County
    McHenry
    State
    Illinois
    Longitude
    -88.3287896
    Latitude
    42.1895773

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    FAQs

    What type of property is this?
    Conventional restaurant - NNN leased Red Robin with rental increases in Algonquin, Illinois.
    Where is this conventional restaurant located?
    The property is located at 441 S Randall Rd Algonquin, IL.
    What is the asking price?
    The asking price for this property is $4,113,000.
    What are key features of this property?
    This property features: - Absolute NNN lease - a completely management-free investment.; - Corporate guaranteed lease by Red Robin International, Inc.; - Over 6 years remaining on the initial lease term, plus 4 (5-year) options to extend.
    (949) 698-1100
    Request Owner's contact information
    441 S Randall Rd Algonquin, IL
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    441 S Randall Rd Algonquin, IL
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