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Retail Investment Opportunity 280 N Randall Rd 6,584 SF 100% Leased Retail Building Lake In The Hills, IL 60156 $4,210,086 CAD ($639.44 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Stabilized Net-Leased Income
- Long Tenured Tenants, Recent Extension
- Shadow Anchored by Lowe's & Costco
Executive Summary
A rare opportunity to acquire a 100%-occupied, two-tenant net-leased retail asset on Randall Road — one of the top-performing retail corridors in Illinois and the broader Midwest. The property is shadow-anchored by Lowe's and Costco and surrounded by dozens of national retailers that drive steady regional traffic to its doorstep.
Both tenants are national, e-commerce-resistant operators who have called this location home for over 15 years. Athletico — which ranks among the top 14% of its clinics nationwide — recently extended its corporate-guaranteed lease through 2031, a strong vote of confidence in the site's long-term performance. With triple-net leases in place, embedded rental growth, and a McHenry County tax environment that's notably more favorable than neighboring Cook County, this is a genuinely passive, management-light investment with durable cash flow.
Download the Offering Memorandum for full financials, rent roll, and lease details.
Both tenants are national, e-commerce-resistant operators who have called this location home for over 15 years. Athletico — which ranks among the top 14% of its clinics nationwide — recently extended its corporate-guaranteed lease through 2031, a strong vote of confidence in the site's long-term performance. With triple-net leases in place, embedded rental growth, and a McHenry County tax environment that's notably more favorable than neighboring Cook County, this is a genuinely passive, management-light investment with durable cash flow.
Download the Offering Memorandum for full financials, rent roll, and lease details.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
6,584 SF
Building Class
B
Year Built
2005
Price
$4,210,086 CAD
Price Per SF
$639.44 CAD
Cap Rate
6.75%
NOI
$284,197 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.23 AC
Zoning
Commercial
Parking
35 Spaces (5.32 Spaces per 1,000 SF Leased)
Frontage
172’ on Randall Rd
Amenities
- Pylon Sign
- Drive Thru
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-30-227-084 | Improvements Assessment | $484,698 CAD |
| Land Assessment | $233,489 CAD | Total Assessment | $718,187 CAD |
Property Taxes
Parcel Number
19-30-227-084
Land Assessment
$233,489 CAD
Improvements Assessment
$484,698 CAD
Total Assessment
$718,187 CAD
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Retail Investment Opportunity | 280 N Randall Rd
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