2480-2484 N Randall Rd
Elgin, IL 60123
Starbucks / Panera Bread · Retail Property For Sale

Transwestern is pleased to exclusively offer for sale a 6,442-square-foot ( SF ) investment opportunity located in The Grove at Randall development. This two-tenant retail building is 100 percent leased to Starbucks and Panera Bread on long term leases. The Grove is a retail island surrounded by nearly 9.5 million square feet of office and industrial space within a 1.5-mile radius. Nearby companies employ a highly educated, white-collar workforce. Major employers include Chase, JBSS (world headquarters), Advocate Sherman Hospital, Newhaven Display (world headquarters), Motorola, Winergy (North American headquarters), Giant Bicycles, CTDI, Box Packaging (North American headquarters) and Touchpoint Logistics, plus several car dealers located in the Elgin Auto Mall. In addition, there are several major colleges in the immediate area including DeVry, Keller Graduate, Judson University and American Intercontinental University. The Grove enjoys a monopoly as the only multi-tenant retail center within this market. In the immediate area, there is limited retail and few restaurant options for the surrounding businesses. The Grove is an island of retail surrounded by nearly 9.5 million SF of office and industrial space, which lends to a highly educated and captive consumer base for the retailers at The Grove. This impressive market position will only improve as over 2.5 million SF of space will be added in the adjacent Northwest Business Park and a 252-unit luxury apartment complex is currently under construction immediately to the north of the Property.