491 Randall Rd Batavia, IL 60510
- Retail properties
- 1.26 lot acres
Current Use by Public Records
- It's Just Wings / Chicken Wings Restaurant / Chicken Restaurant
- Chili's Grill & Bar / Restaurant / Hamburger Restaurant
Property Details for 491 Randall Rd
- Year built
- 1999
- Lot size
- 1.26 lot acres
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Batavia
- County
- Kane
- State
- Illinois
- Longitude
- -88.3412
- Latitude
- 41.8586
