300 North Randall Rd, St Charles, IL 60174

This fee-simple retail property in St. Charles, IL, offers a compelling investment opportunity. The 3,038 square foot building is currently 100% occupied by a credit-rated BMO Harris Bank under an absolute NNN lease with a corporate guarantee. The lease commenced October 1, 2014, and has a remaining term of 4.9 years, with eight five-year renewal options. The current lease features a 7.00% cap rate and a net operating income (NOI) of $132,708. Rent increases annually by 2%, providing inflation protection. Built in 1978, this single-story building is located at 300 S Randall Rd, 60174, on a signalized corner with high visibility and traffic counts exceeding 35,000 vehicles daily. The property boasts multiple drive-thru lanes and a drive-up ATM, contributing to its high bank deposits, among the highest in the county and state. The asking price is $1,895,832, translating to $624.04 per square foot. This investment offers minimal landlord responsibilities and benefits from strong demographics in a highly affluent area.