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Kohl's 251 N Randall Rd 86,584 SF 100% Leased Retail Building Batavia, IL 60510 $13,883,383 CAD ($160.35 CAD/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
$13,883,383 CAD
Price Per SF
$160.35 CAD
Cap Rate
8%
NOI
$1,110,671 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
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 | $2,238,292 CAD |
| Land Assessment | $1,017,486 CAD | Total Assessment | $3,255,778 CAD |
Property Taxes
Parcel Number
12-17-476-004
Land Assessment
$1,017,486 CAD
Improvements Assessment
$2,238,292 CAD
Total Assessment
$3,255,778 CAD
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Kohl's | 251 N Randall Rd
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