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Kohl's 251 N Randall Rd 86,584 SF 100% Leased Retail Building Batavia, IL 60510 $9,903,050 ($114.38/SF) 8% Cap Rate
Investment Highlights
- Long Operating History & Recent Extension
- Investment Grade Guarantee from Best-in-Class Tenant
- Outstanding, Affluent Demographics
- Top Ranking Kohl’s with Incredibly Strong Reported Sales
- High Development Intersection in Dominant Retail Corridor
- New Roof with 20-Year Warranty
Executive Summary
Northmarq, is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the Kohl’s property located in Batavia, IL (the “Property”). The Property consists of an 86,584-square-foot anchor pad in a 274,282 SF retail power center. Kohl’s is operating under a net lease that was recently extended until 2029. The lease also features $0.35/SF rent escalations every 5 years throughout the base and option terms, providing investors with a significant hedge against inflation.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Department Store
Building Size
86,584 SF
Building Class
B
Year Built
1998
Price
$9,903,050
Price Per SF
$114.38
Cap Rate
8%
NOI
$792,244
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
8.11 AC
Zoning
B-3
Frontage
436’ on North Randall Road
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-17-476-004 | Improvements Assessment | $1,574,898 |
| Land Assessment | $715,919 | Total Assessment | $2,290,817 |
Property Taxes
Parcel Number
12-17-476-004
Land Assessment
$715,919
Improvements Assessment
$1,574,898
Total Assessment
$2,290,817
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Contact the Sale Advisor
Kohl's | 251 N Randall Rd