1295-1305 Randall Rd | Crystal Lake, IL 60014
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- LoopNet Team
1295-1305 Randall Rd
Crystal Lake, IL 60014
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Located at the signalized intersection of three major roads - Randall Road, Ackman Road and McHenry Avenue | Average Daily Traffic Counts ~50,000 Cars
- 100% Occupied with a Weighted Average Lease Term of 46.3 Months
- Strong demographics | 70,000 people live within a 3-mile radius | Average household incomes exceed $120,000 annually
- Class A construction | Built in 2008 | Priced at a 7.75% cap rate and $187/sf | Cash on Cash return of over 11% at list price
- Shadow-anchored by a 24-hour CVS | Located 0.5 miles from Crystal Lake High School with 1,800 students
- Ownership recently executed three new leases at a higher rent per square foot than the average rent per square foot in the center
PROPERTY FACTS
Property Type
Retail
Property Subtype
Health Club
Building Size
16,592 SF
Building Class
C
Year Built
2008
Percent Leased
66%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
2.64 AC
Zoning
B-3 - Commercial
Parking
116 Spaces (6.99 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $273,602 | |
| Land Assessment | $386,992 | Total Assessment | $660,594 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$386,992
Improvements Assessment
$273,602
Total Assessment
$660,594
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