New Retail Property in
1721 S Randall Rd, Algonquin, IL 60102
New two-tenant retail property with long-term leases and rent increases.
Type:Retail
Property size:
6,150 SFPrice / SF:
$961/SF- Added:
- Oct 17, 2025
- Days on Market:
- 212
- Last Refresh:
- Mar 16 at 1:29 pm
Property Features for 1721 S Randall Rd
General Information
- Standard status
- Active
- Size
- 6,150 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2025
Listing agent Sean Sharko License #IL 471.010712
Listing office Marcus & Millichap SWM Group
Listing date Oct 17, 2025
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap SWM Group
HighLights
- New construction (2025) two‑tenant property with long‑term leases from national, internet‑resistant tenants: Chipotle (15 years) and First Watch (12 years).
- Located in an affluent, high‑growth area within the Chicago MSA, specifically in a thriving 2.8‑mile retail corridor.
- Chipotle features a mobile order pickup lane, an extension beyond their standard lease agreements.
- Both tenants have 10 percent rent increases every five years.
- Located at the heart of “The Enclave” development, a dynamic hub with synergistic tenants and ongoing development activity.
- Projected population increase of over three percent within a one‑mile radius by 2029, with an average household income exceeding $168,000.
Overview
This newly constructed two-tenant retail property, slated for completion in 2025, offers an investment opportunity in a retail location. The property features national tenants with long-term leases. Chipotle has committed to a 15-year lease, which includes a mobile order pickup lane. First Watch complements this with a 12-year lease. Both tenants have 10 percent rent increases every five years. The property is situated in a high-growth area within the Chicago MSA, specifically in a 2.8-mile retail corridor at the heart of “The Enclave” development. This location features synergistic tenants and ongoing development activity. Population projections within a one-mile radius indicate an increase of over three percent by 2029, with the average household income exceeding $168,000.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Algonquin
- County
- McHenry
- State
- Illinois
- Longitude
- -88.3219
- Latitude
- 42.1714
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - New two-tenant retail property with long-term leases and rent increases.
Where is this retail space located?
The property is located at 1721 S Randall Rd Algonquin, IL.
What is the asking price?
The asking price for this property is $5,916,250.
What are key features of this property?
This property features: New construction (2025) two‑tenant property with long‑term leases from national, internet‑resistant tenants: Chipotle (15 years) and First Watch (12 years).; Located in an affluent, high‑growth area within the Chicago MSA, specifically in a thriving 2.8‑mile retail corridor.; Chipotle features a mobile order pickup lane, an extension beyond their standard lease agreements.
