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290 S Randall Rd
Elgin, IL 60123
Steak 'N Shake · Retail Property For Sale
Investment Highlights
- Corporate Absolute NNN Lease – There are zero landlord responsibilities or expenses, providing 100% passive income to the landlord.
- Big Rental Increase in Options– The lease features a 27.26% rental increase if the next option period is exercised.
- Drive-Thru Equipped – The parcel is ±0.92 Acres, which is large in comparison to most QSR properties
- Excellent Retail Synergy – The property is an outparcel to Target and Otter Creek Center
- Strategic Locations – The property is strategically located along South Randall Road which sees more than 35,000 cars per day.
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,404 SF
Building Class
C
Year Built
1996
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.92 AC
Zoning
Commercial - Retail, Commercial
Parking
31 Spaces (9.11 Spaces per 1,000 SF Leased)
Frontage
183’ on S Randall
Amenities
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 06-21-104-003 | Improvements Assessment | $142,984 |
| Land Assessment | $303,160 | Total Assessment | $446,144 |
Property Taxes
Parcel Number
06-21-104-003
Land Assessment
$303,160
Improvements Assessment
$142,984
Total Assessment
$446,144
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