300 Randall Rd Saint Charles, IL 60174
- Industrial properties
- 6.58 lot acres
Mar 10, 2023
Current Use by Public Records
- BMO Bank N.A Branches / Bank / Financial Consultant
- BMO Harris Bank ATM / Atm
- BMO Harris Bank Mortgage / Mortgage Lender
- BMO Harris Bank - Mortgage Banker (Mario Blanquel) / Loan Agency / Bank
Property Details for 300 Randall Rd
- Lot size
- 6.58 lot acres
- Property type
- Industrial properties
- APN
- 09-28-351-051
- APU
- 928351051
Description
This fee-simple retail property in St. Charles, IL, offers a compelling investment opportunity. The 3,038 square foot building is currently 100% occupied by a credit-rated BMO Harris Bank under an absolute NNN lease with a corporate guarantee. The lease commenced October 1, 2014, and has a remaining term of 4.9 years, with eight five-year renewal options. The current lease features a 7.00% cap rate and a net operating income (NOI) of $132,708. Rent increases annually by 2%, providing inflation protection. Built in 1978, this single-story building is located at 300 S Randall Rd, 60174, on a signalized corner with high visibility and traffic counts exceeding 35,000 vehicles daily. The property boasts multiple drive-thru lanes and a drive-up ATM, contributing to its high bank deposits, among the highest in the county and state. The asking price is $1,895,832, translating to $624.04 per square foot. This investment offers minimal landlord responsibilities and benefits from strong demographics in a highly affluent area.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,840,000
- ML approach
- $3,850,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Saint Charles
- County
- Kane
- State
- Illinois
- Longitude
- -88.3365
- Latitude
- 41.9163
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
