1020-1028 S Randall Rd
Algonquin, IL 60102
Retail Property For Sale

Marcus & Millichap is pleased to present this fully leased retail center in Algonquin, Illinois. This 8,000-Square Foot retail asset is occupied by Mattress Firm and Kay Jewelers and is located on the busy retail corridor of South Randall Road. Each tenant signed a corporately guaranteed lease featuring renewal options and escalations in rent in the base term and option periods. The subject property is well located on South Randall Road, the main retail corridor of Algonquin with over 41,400 vehicles per day. The asset is situated along a three-mile stretch that contains over 2.5 million square of retail space. The five mile radius surrounding the subject property features strong demographics, with more than 150,000 residents with an average household income of $103,000. Mattress Firm and Kay Jewelers are located on an out parcel to a shopping center featuring JC Penney, Toys R Us, Babies R Us, TJ Maxx, Dollar Tree, Chase Bank, and more. Just to the north of the asset is a Target anchored center featuring co-tenants such as Kohl' s, Home Goods, Party City, Pier 1, Petco, Michaels, and Starbucks. Located adjacent to the south is a Gander Mountain and Walmart. The asset is less than one-mile from two major lifestyle centers also located on Randall Road: Algonquin Commons and Galleria Center. Algonquin Commons is an upper-tier outdoor shopping mall featuring over 80 retailers and restaurants and 600,000 total square feet of retail space. It is the largest lifestyle center in Illinois and among the largest in the United States.