134 Randall Rd Batavia, IL 60510-9275

Property Details for 134 Randall Rd

Year built

2001

Lot size

0.89 lot acres

Property size

3,146 SF

Property type

Commercial real estate

APN

12-21-158-003

APU

1221158003

Description

This fee-simple Taco Bell property in Batavia, IL (Kane County, zip 60510, 134 S Randall Rd) presents a compelling net lease investment opportunity. The 3,146 square foot restaurant sits on a 0.89-acre lot and boasts a strong 5.50% cap rate with a current NOI of $123,200. Built in 2001, the property benefits from a long-term absolute NNN lease with approximately 13.3 years remaining until the lease expiration date of March 15, 2038. The lease includes four, five-year renewal options and features 10% rent increases every five years, providing a hedge against inflation. The tenant, a franchisee, is backed by AG Bells II, LLC, a large regional operator with a 55-unit guarantee. The property enjoys a high-traffic location on S Randall Rd, exceeding 30,000 vehicles per day, with high visibility near the Shoppes at Windmill Place and other national retailers. The affluent area, within the Chicago MSA, has an average household income exceeding $122,000 within a 5-mile radius and a population of over 117,000 residents. The property's proximity to Batavia High School further enhances its appeal. The asking price is $2,240,000, translating to a price per square foot of $712.02. This is a passive investment opportunity with significant long-term potential.

Location Insight

City

Batavia

County

Kane

State

Illinois

Longitude

-88.3395

Latitude

41.8483

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments