2500-2510 N. Randall Rd.

Investment Overview

Randall Rd / I-90 Retail Center 7,896 SF The Randall Road/I-90 Retail Center presents a premier investment opportunity in Elgin, Illinois. Built in 2019, this 7,896 SF multi-tenant retail property is 100% occupied by four tenants, including nationally recognized brands such as Chipotle (with drive-thru) and Verizon, alongside Poke West and Tabla Express. The property sits on 1.93 acres and offers 95 parking spaces, outdoor patios, and multiple signage opportunities, enhancing visibility and customer convenience. The center is strategically located at a signalized intersection along Randall Road, a high-traffic corridor with over 45,000 vehicles per day, and just off I-90, which sees approximately 105,000 vehicles daily. This location provides direct access to downtown Chicago via I-90 or METRA and is surrounded by major corporate parks, healthcare facilities, and residential developments, including the adjacent Watermark at the Grove luxury apartments. With a purchase price of $4,435,000 and a cap rate of 5.75%, the property generates a strong NOI of $254,939, supported by long-term leases with built-in rent escalations. Minimal landlord responsibilities and a robust trade area with strong demographics make this a stable, income-producing asset in a rapidly growing suburban market.