Algonquin Net Leased
2360 S Randall Road Algonquin, IL 60102
2360 S Randall Road, Algonquin, IL, 60102
Contact for pricing
For Sale
Contact for pricing
Long-term net leased property 100% leased to Hobby Lobby.
Property Size55,161 SF
Lot Size3.00 Acres
Days on Market137
Property Features for 2360 S Randall Road
General Information
- Standard status
- Active
- Size
- 55,161 SF
- Lot size
- 3.00 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2012
Listing agency
Transwestern | Chicago
(312) 881-7065
Listed by
Andrew Watson
(312) 881-7065
Source
Transwestern
Added: Mar 7 Updated: Jul 10 at 1:15PM Checked: Jul 21 at 3:04AM
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 Transwestern | Chicago
Investment Insights
Based on property information with market context.
The property in Algonquin, IL, is offered for sale to qualified investors. It is a fee simple offering 100 percent leased to Hobby Lobby. The lease commenced in August 2012 and has a 15-year primary term, with three five-year tenant options to extend. Rent increases fifty cents per square foot every five years during the primary term as well as the option periods. Developed in 2012, the property consists of three acres of land improved with a 55,161 SF Hobby Lobby store. The subject property is located on the southwest corner of Randall Road and Corporate Parkway, with over 43,700 cars passing the property daily. The area has a three-mile average household income of $116,896 and a five-mile population of over 147,194 people. Hobby Lobby is a leader in the arts and crafts industry with over 600 locations across the nation that average 55,000 square feet and stock more than 67,000 crafting and home décor products. Hobby Lobby has over $3 Billion in revenue and is consistently included in Forbes list of America’s Largest Private Companies.
Key Highlights
- Long‑term net lease to Hobby Lobby, providing stable income.
- Corporate guaranteed lease ensures financial security.
- Rent increases every five years during the primary term and option periods.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
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FAQs
What type of property is this?
Retail space - Long-term net leased property 100% leased to Hobby Lobby.
Where is this retail space located?
The property is located at 2360 S Randall Road Algonquin, IL.
What are key features of this property?
This property features: Long‑term net lease to Hobby Lobby, providing stable income.; Corporate guaranteed lease ensures financial security.; Rent increases every five years during the primary term and option periods.
