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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

491 Randall Rd Batavia, IL 60510

1.26 ac lot Built 1999
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1999
Lot 1.26 ac (54,886 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • It's Just Wings Restaurant
  • Chili's Grill & Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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