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2323 Fargo Blvd 10,452 SF Retail Building Geneva, IL 60134 For Sale
Investment Highlights
- Caravel Autism Health occupies the building under a net lease structure, minimizing landlord responsibilities.
- Prominent monument signage and frontage along Randall Road with traffic levels around 31,400 VPD.
- Property is highly accessible and positioned within an affluent residential area, attracting strong consumer demand.
- Lease includes scheduled rent increases, providing consistent cash flow through the remaining term.
- Situated in Geneva’s primary commercial corridor, neighboring major retailers and businesses.
Executive Summary
2323 Fargo Boulevard presents investors with the opportunity to acquire a 10,452-square-foot, single-tenant freestanding healthcare services asset in Geneva, Illinois. The building is 100% occupied by Caravel Autism Health, a specialized provider of autism diagnostic evaluations and ABA therapy for children. The Property is operated under a net lease structure, with tenant responsible for real estate taxes, operating expenses, utilities, and certain shared easement maintenance costs, providing investors with a passive income profile and limited landlord expense exposure. Caravel has leased at the Property since 2021 and recently extended its lease through May 31, 2029, with two (2) additional three-year renewal options, demonstrating continued commitment to the location. Located just off South Randall Road (~31,400 VPD), the Property benefits from monument signage visibility along Randall Road, along Geneva’s primary commercial corridor, surrounded by a strong retail presence that drives consistent consumer traffic and reinforces the area’s long-term real estate fundamentals. With contractual rent growth, a specialized service-based tenant, and a net lease structure in place, the offering provides investors with stable in-place cash flow backed by a mission-critical healthcare/education use in an established, high-income Fox Valley trade area. Neighboring retailers include Target, Jewel-Osco, ALDI, The Home Depot, Best Buy, PetSmart, Ross Dress for Less, Sierra, Dick’s Sporting Goods, and Fresh Thyme Market
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,452 SF
Building Class
B
Year Built
1996
NOI
$280,562 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.37 AC
Zoning
B1
Parking
35 Spaces (2.42 Spaces per 1,000 SF Leased)
Frontage
185’ on Fargo Boulevard
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-09-151-006 | Improvements Assessment | $291,239 CAD |
| Land Assessment | $419,665 CAD | Total Assessment | $710,904 CAD |
Property Taxes
Parcel Number
12-09-151-006
Land Assessment
$419,665 CAD
Improvements Assessment
$291,239 CAD
Total Assessment
$710,904 CAD
Contacts
-
Andrew Rubin -
Matt Tarshis -
Andrew Slovis -
Zack Pearlstein -
Frontline Real Estate Partners
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2323 Fargo Blvd
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