165 Randall Rd, Batavia, IL 60510-9209
This exceptional investment opportunity presents the fee-simple ownership of a 42,500-square-foot freestanding retail building located at 165 N Randall Rd, Batavia, IL 60510. The property, built in 2006 and renovated in 2022, sits on a 4.6-acre lot in a bustling retail corridor, boasting a 7.65% cap rate and a substantial NOI of $382,500. The property is 100% occupied by Slumberland, a well-established furniture chain with a significant presence in the upper Midwest, under a triple-net (NNN) lease with 8.5 years remaining. The lease includes a 10% rent increase every five years, providing consistent growth potential. This single-tenant, fee-simple investment offers a secure and lucrative return, situated in a high-traffic area of the Chicago MSA, adjacent to national retailers like Target, Chick-fil-A, and Panda Express. The property benefits from its location on Randall Road, a major commercial thoroughfare with nearly 39,000 vehicles passing daily. This is a rare chance to acquire a cash-flowing asset with a strong tenant and long-term lease, offering investors peace of mind and significant financial upside. The asking price is $5,000,000.
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Slumberland Furniture Furniture & Home Goods Home Decor Store
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Art Van Furniture Furniture & Home Goods Home Decor Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
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.