491 Randall Rd Batavia, IL 60510
This exceptional investment opportunity presents a 5,547 square foot Chili's restaurant located on a 1.26-acre lot at 491 N Randall Rd, Batavia, IL 60510. The property is situated in a high-traffic retail corridor with excellent visibility, boasting a 6.00% cap rate and a strong net operating income (NOI) of $99,825. The absolute NNN ground lease with Chili's features approximately 9.1 years remaining, extending to December 31, 2033, with built-in rent bumps of 5% in 2029 and 10% at option renewal. Four five-year lease options are available. The tenant, Chili's, has occupied this location since December 17, 1998, demonstrating a long-term commitment to the site. This prominent outparcel location is part of the Wind Point Shopping Center, experiencing 1.7 million annual visits, and is adjacent to a top 15% nationwide Kohl's location and the new Winding Creek residential development (165+ homes). The property benefits from strong demographics, including a daytime population of 124,405 within a 5-mile radius and an average household income of $162,071 within 3 miles. The site enjoys convenient access to major roadways, including the I-88 arterial and North Randall Road (34,600 AADT), and is near Northwestern Medicine Delnor Hospital and Fermilab. The building was constructed in 1999. This is a truly passive investment with no landlord responsibilities. The asking price is $1,664,000.
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It's Just Wings Restaurant
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Chili's Grill & Bar Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.