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For sale
Conventional restaurants
IL
Algonquin
441 S Randall Rd

Freestanding Red Robin Investment Property

441 S Randall Rd, Algonquin, IL

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For Sale

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

Type:RETAIL

Property size:

6,970 SF

Lot size:

1.31 Acres

Price / SF:

$590/SF

HighLights

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.
Enjoy 7% rental increases every 5 years throughout the initial term and option periods.
Freestanding Red Robin property in Algonquin, Illinois.
Fee simple interest (land & building ownership) included.

We can help!

Listing Contact

Patrick R. Luther, CCIM

For Sale

Contact for pricing

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

Type:RETAIL

Property size:

6,970 SF

Lot size:

1.31 Acres

Price / SF:

$590/SF

Added:: Mar 14, 2025
Days on Market:: 458
Last Refresh:: May 20 at 8:04 pm

Property Features for 441 S Randall Rd

General Information

Standard status: Active
Size: 6,970 SF
Lot size: 1.31 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Patrick R. Luther, CCIM

Listing agent Matthew Mousavi License #CA 01732226

Listing office SRS Industrial - Newport Beach

Listing date Mar 14, 2025

Source Moodyscre

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 SRS Industrial - Newport Beach

HighLights

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.
Enjoy 7% rental increases every 5 years throughout the initial term and option periods.
Freestanding Red Robin property in Algonquin, Illinois.
Fee simple interest (land & building ownership) included.

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Conventional restaurants

Suggested Use

Location Insight

Map
Local Demand

City: Algonquin
County: McHenry
State: Illinois
Longitude: -88.3288
Latitude: 42.1896

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For sale
Conventional restaurants
IL
Algonquin
441 S Randall Rd

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.

441 S Randall Rd, Algonquin, IL

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

Property Features for 441 S Randall Rd

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Medical Office Condo Building

Leased Office Condo with Conference Room

Vintage Algonquin Commercial Space

Turn-Key Pizzeria in Algonquin, IL

Algonquin Office Condo For Sale

New Retail Property in Algonquin

Downtown Algonquin Commercial Space Available

Historic Algonquin Office Building For Sale

Former Restaurant in Prime Location

Freestanding Retail Building

Algonquin Office Building For Sale

Established Restaurant with Outdoor Dining

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