451 Randall Road

    North Aurora, IL 60542
    • $1,939,000
    • STATUS: Active Under Contract
    • ON SITE: 156 days
    • MLS #: 10346758
    Under Contract
    UPDATED: 47 min ago
    $1,939,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,650
      SQFT
    • $182
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2006
    County:
    Area:

    School Ratings & Info

    Description

    Excellent investment opportunity - fully leased (NNN), 10,650 square foot retail center built in 2006. The property is located on highly trafficked Randall Road (30,900 VPD) just North of I-88 (71,000 VPD) in well-established Village of North Aurora in the western suburbs of Chicago. The building is 100% leased to a strong mix of high-quality tenants such as Bulldog Ale House, Lover's Lane, No Escape, and Comfort Dental. The property offers strong cash flow (Gross Income: $245,198), long term NNN leases, and a high rate of return (over 8% CAP rate with annual rent escalations). The building is situated on a 91,237 SF site and has parking for 81 vehicles. Each unit is separately metered and has its own HVAC system. High visibility & easy access. This a unique opportunity to acquire a stabilized newer construction retail center with strong cash, high-quality tenant mix and high rate of return.

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group. Based on information submitted to the MRED as of 2019-09-20T23:52:28.033 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.thewexlergroup.com/homes/93779689

    451 Randall Road North Aurora, IL 60542

    • Price: $1,939,000
    • Status: Active Under Contract
    • Updated: 47 min ago
    • MLS #: 10346758
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    10,650
    SQFT
    $182
    $/SQFT
    2006
    Built
    Neighborhood:
    North Aurora
    County:
    Kane
    Area:
    North Aurora
    Property Description
    Excellent investment opportunity - fully leased (NNN), 10,650 square foot retail center built in 2006. The property is located on highly trafficked Randall Road (30,900 VPD) just North of I-88 (71,000 VPD) in well-established Village of North Aurora in the western suburbs of Chicago. The building is 100% leased to a strong mix of high-quality tenants such as Bulldog Ale House, Lover's Lane, No Escape, and Comfort Dental. The property offers strong cash flow (Gross Income: $245,198), long term NNN leases, and a high rate of return (over 8% CAP rate with annual rent escalations). The building is situated on a 91,237 SF site and has parking for 81 vehicles. Each unit is separately metered and has its own HVAC system. High visibility & easy access. This a unique opportunity to acquire a stabilized newer construction retail center with strong cash, high-quality tenant mix and high rate of return.
    Exterior Features

    Construction BrickConcreteSteel Foundation Concrete Frontage Access Frontage Road Location Mixed Use Area Lot Dimensions 354X232X169X35X123X250 Lot Sq Ft 91237 Number Of Parking Spaces 81 Number Of TLDocks 0 Roof Structure FlatSteel Joists

    Interior Features

    Air Conditioning Central Air Fire Protection Sprinklers-Wet Number Of Drive In Doors 0 Number Of Stories 1

    Property Features

    Contingency Flag Attorney/Inspection Current Use Commercial Electrical Service Circuit BreakersSeparate Meters Estimated Cam SF 3.35 Expense Year 2018 Exterior Building Type Brick Extra Storage Spaces Available YN No Financial Amounts For Total Building Rental Onl Yes Gross Rentable Area 10650 Gross Rental Income Amount 245198 Heat Ventilation Forced AirGas Insurance Expense 5963 Insurance Expense Source Actual Investment YN Yes Lease Type Net Max Avail Sq Ft Rentable 0 Min Avail Sq Ft Rentable 0 Net Oper Income Amount 14347 Net Operating Income Year 2019 Number Of Tenants 4 Possession Negotiable Property Offered For Sale Only Tax Year 2017 Taxes 33174 Tenant Pays Air ConditioningCommon Area MaintenanceElectricHeatJanitorialReal Property TaxesInsuranceRepairs And MaintenanceRoofScavengerWater/SewerOther Total Annual Exp 84563 Total Annual Expense Source Actual Total Annual Income 245198 Total Monthly Income 13138 Township Batavia Water Expense 10855 Water Expense Source Actual Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Dobreva Commercial Inc.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group. Based on information submitted to the MRED as of 2019-09-20T23:52:28.033 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    The Wexler Group
    16123 S LaGrange Road
    Orland Park IL, 60467