Shops of Randall Square

1772-1792 S Randall Rd Geneva, IL 60134

FOR SALE
Property Type:
Strip Center
Amount:
$6,775,000
Last Verified:
Jun 21, 2022

Highlights

  • Value Add Retail/Professional Strip with Strong In-Place Cash Flow
  • 83% Occupancy with Upside Filling Vacancy and Increasing Below Market Rents
  • Internet Proof Tenancy - Mix of National, Regional, and Local Tenants
  • Positioned in the Heart of the Dominant Retail Corridor
  • New Roof in 2021
  • Excellent Demographics

Description

Stabilized retail/professional strip center in the heart of the Randall Rd retail corridor. Significant value add opportunity through lease-up of 4 vacant units comprising 17% of the GLA, and by increasing below-market rents to align with current market conditions.

The Shops of Randall Square includes a diverse mix of strong mix of internet resistant national, regional, and local tenants including Vein Clinics of America, RE/Max, MetroNet, LA Tan, Ju Rin Japanese Restaurant, Nancy's Pizza, Children's Art Classes and more.

The property is located in the heart of the Randall Road retail corridor, the key retail corridor in central Kane County. The property is surrounded by national retailers including Walmart, At Home, Bed Bath & Beyond, Marshalls, Ross, Ashley Home Furniture, Home Depot, Petsmart, Petco, Trader Joe's, Sierra Trading Co, Best Buy, Meijer, and Dicks. The property is just south of Northwestern Medicine's Delnor Community Hospital and Geneva Commons.

Strong demographics with population of 120,000 (5 mile) and average incomes exceeding $100,000 (5 Mile).


Year Built: 1998
Building Size: 41760sq ft
Lot Size: 5.14 acres

Map of 1772-1792 S Randall Rd, Geneva, IL, 60134

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