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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
$13,655,712 CAD
Price Per SF
$157.72 CAD
Cap Rate
8%
NOI
$1,092,457 CAD
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

Sustainability

Energy Star Certified
97
ENERGY STAR certified buildings save energy and help protect the environment.

Sustainability

ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.

Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Moderately bikeable
60/100

Nearby Major Retailers

Starbucks
Steak ‘n Shake
Chicken Salad Chick
Chase Bank
Jewel-Osco
BMO
Old Second National Bank
PNC Bank
Chili's Grill & Bar
Portillo's

Property Taxes

Property Taxes

Parcel Number
12-17-476-004
Land Assessment
$1,075,992 CAD
Improvements Assessment
$2,366,997 CAD
Total Assessment
$3,442,989 CAD
  • Listing ID: 28547469

  • Date on Market: 2023-05-22

  • Last Updated:

  • Address: 251 N Randall Rd, Batavia, IL 60510

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