Net-Leased Furniture Retail
2451 S Randall Rd Algonquin, IL 60102
2451 S Randall Rd, Algonquin, IL, 60102
Contact for pricing
For Sale
Contact for pricing
Pending
Single-tenant Ashley Furniture HomeStore on South Randall Road with a current lease expiring April 5, 2027.
Property Size50,000 SF
Days on Market103
Property Features for 2451 S Randall Rd
General Information
- Standard status
- Pending
- Size
- 50,000 SF
- Property subtype
- Retail
Listing agency
The Boulder Group
(847) 562-0003
Listed by
Randy Blankstein · License #IL 471005983
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 1:19AM Checked: Jul 21 at 10:44AM
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 The Boulder Group
Investment Insights
Based on property information with market context.
Exclusively offered for sale is a single-tenant net leased Ashley Furniture HomeStore property within the Chicago MSA. The site is approximately 50,000 square feet and has been operated at this location for more than 12 years. The tenant recently executed a 10-year lease extension, with a 4% rental increase in year 16 and an expiration date of April 5, 2027. The lease also includes one 5-year renewal option. The property is currently leased to Rockledge Furniture LLC.
The HomeStore benefits from its position along South Randall Road, a primary north-south thoroughfare with reported traffic of 34,000 VPD. The surrounding retail corridor includes Algonquin Commons and Algonquin Galleria, anchored by Walmart, Ross, Dick’s Sporting Goods, and Nordstrom Rack. Additional nearby retailers listed for the corridor include Target, Trader Joe’s, TJ Maxx, and Kohl’s. The lease property is located at 2451 S Randall Rd, Algonquin, IL 60102.
The HomeStore benefits from its position along South Randall Road, a primary north-south thoroughfare with reported traffic of 34,000 VPD. The surrounding retail corridor includes Algonquin Commons and Algonquin Galleria, anchored by Walmart, Ross, Dick’s Sporting Goods, and Nordstrom Rack. Additional nearby retailers listed for the corridor include Target, Trader Joe’s, TJ Maxx, and Kohl’s. The lease property is located at 2451 S Randall Rd, Algonquin, IL 60102.
Key Highlights
- Single‑tenant Ashley Furniture HomeStore net leased property in the Chicago MSA
- 4% rental increase in year 16
- 50,000 SF Ashley Furniture HomeStore on South Randall Road with 34,000 VPD
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Single-tenant Ashley Furniture HomeStore on South Randall Road with a current lease expiring April 5, 2027.
Where is this retail space located?
The property is located at 2451 S Randall Rd Algonquin, IL.
What are key features of this property?
This property features: Single‑tenant Ashley Furniture HomeStore net leased property in the Chicago MSA; 4% rental increase in year 16; 50,000 SF Ashley Furniture HomeStore on South Randall Road with 34,000 VPD
