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Shopping Strip

Hard Corner, Super Regional Retail Center Outlot

962 S Randall Rd, St. Charles, IL 60174

Listing Price: $4,892,099

Cap Rate
7.00%
Gross SF
16,317
Rentable SF
16,317
Price/Gross SF
$299.82
Lot Size
1.52 acres
Year Built
2003

Investment Overview

Marcus & Millichap is pleased to present Saint Charles Center located in Saint Charles, Illinois. This center is a five-tenant center with 100 percent occupied. It is located in a highly distinguished and trafficked office and retail market. Very attractive lease terms with two new tenants. Chiro One has a new 10-year lease ending December 2030 with 10 percent rental increases after five years and two options remaining with 10 percent rental increases. Thrive Affordable Vet Care has a new 10-year lease ending February 2031 with 10 percent rental increases after five years and two options remaining with 10 percent rental increases. Graham Crackers Comics has over eight years remaining of lease term with two percent annual rental increases. F45 training has over seven years remaining of lease term with two percent rental increases in the first option. The property is situated on the signalized, hard-corner intersection of Randall Road and Bircher Road with 37,200 total vehicles passing per day. Located on Kane County’s major north/south retail thoroughfare. Adjacent to Geneva Commons and the Shoppes at Geneva Commons with abundance of national tenants including Dick’s Sporting Goods, Home Goods, Joann Fabrics And Crafts, H&M, Coach, Express, Crate & Barrel, And The Fresh Market. Excellent demographics in an Affluent area with an average household income within five miles of subject property is $149,822. 106,824 people live within five miles of subject property. High daytime population with 126,271 people within five miles of subject property.

Investment Highlights

  • 100 Percent Occupied Five-Tenant Center
  • Very Attractive Lease Terms with Two New Tenants
  • Situated on the Signalized, Hard-Corner Intersection of Randall Road and Bircher Road
  • Located on Kane County's Major North/South Retail Thoroughfare
  • Adjacent to Geneva Commons and The Shoppes at Geneva Commons | Abundance of National Tenants Including Dick's Sporting Goods, Home Goods, JOANN Fabrics and Crafts, H&M, Coach, Express, Crate & Barrel, and The Fresh Market
  • Excellent Demographics | Affluent Area | High Daytime Population

Exclusively Listed By

Shopping Strip

Hard Corner, Super Regional Retail Center Outlot

Listing Price: $4,892,099

Cap Rate
7.00%
Gross SF
16,317
Rentable SF
16,317
Price/Gross SF
$299.82
Lot Size
1.52 acres
Year Built
2003

Investment Highlights

  • 100 Percent Occupied Five-Tenant Center
  • Very Attractive Lease Terms with Two New Tenants
  • Situated on the Signalized, Hard-Corner Intersection of Randall Road and Bircher Road
  • Located on Kane County's Major North/South Retail Thoroughfare
  • Adjacent to Geneva Commons and The Shoppes at Geneva Commons | Abundance of National Tenants Including Dick's Sporting Goods, Home Goods, JOANN Fabrics and Crafts, H&M, Coach, Express, Crate & Barrel, and The Fresh Market
  • Excellent Demographics | Affluent Area | High Daytime Population

Investment Overview

Marcus & Millichap is pleased to present Saint Charles Center located in Saint Charles, Illinois. This center is a five-tenant center with 100 percent occupied. It is located in a highly distinguished and trafficked office and retail market. Very attractive lease terms with two new tenants. Chiro One has a new 10-year lease ending December 2030 with 10 percent rental increases after five years and two options remaining with 10 percent rental increases. Thrive Affordable Vet Care has a new 10-year lease ending February 2031 with 10 percent rental increases after five years and two options remaining with 10 percent rental increases. Graham Crackers Comics has over eight years remaining of lease term with two percent annual rental increases. F45 training has over seven years remaining of lease term with two percent rental increases in the first option. The property is situated on the signalized, hard-corner intersection of Randall Road and Bircher Road with 37,200 total vehicles passing per day. Located on Kane County’s major north/south retail thoroughfare. Adjacent to Geneva Commons and the Shoppes at Geneva Commons with abundance of national tenants including Dick’s Sporting Goods, Home Goods, Joann Fabrics And Crafts, H&M, Coach, Express, Crate & Barrel, And The Fresh Market. Excellent demographics in an Affluent area with an average household income within five miles of subject property is $149,822. 106,824 people live within five miles of subject property. High daytime population with 126,271 people within five miles of subject property.

Exclusively Listed By

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