1900 Randall RdAlgonquin, IL 60102

For Sale
Call for price

High-traffic, dual-grocer anchored shopping center

Overview

Added:
Dec 11, 2024
Days on market:
94
Algonquin Commons, a premier 542,117 square foot shopping center in Algonquin, IL (60102), presents a unique investment opportunity. Located at 1900 S Randall Rd, this 2004-built center boasts a 95.6% occupancy rate and underwent renovations in 2024. The property sits on a 63.63-acre lot and features a diverse tenant mix including Trader Joe's, Fresh Market, Nordstrom Rack, Ross Dress for Less, DSW, Old Navy, J. Crew, Ulta, Lane Bryant, Hollister, American Eagle Outfitters, Victoria's Secret, Express, Dick's Sporting Goods, Barnes & Noble, and Bob's Furniture. This dominant center within a three million square foot retail corridor enjoys exceptional visibility and high traffic, evidenced by 5.1 million visits in the past year, ranking it #1 within a 15-mile radius. The strong demographics of the area, with nearly 400,000 residents and average household incomes exceeding $126,000 annually, further support the property's value. Recent improvements include parking lot refinishing and three new, prominent pylon signs (25-30 feet tall), providing enhanced visibility and potential future revenue streams. The center offers significant upside potential through lease renegotiations with existing tenants. This is a rare opportunity to acquire a best-in-class, dual-grocer anchored shopping center in a thriving market.

Highlights

  • Rare dual-grocery anchored shopping center in Algonquin, IL.
  • Anchored by Trader Joe's and Fresh Market, both best-in-class grocers.
  • Best-in-class tenant lineup with strong credit and quality.
  • Significant NOI upside potential from below-market anchor rents.
  • Diverse tenant mix including apparel, soft goods, sporting goods, home furnishings, and specialty retailers.
  • Dominant shopping center in its submarket.

Property Details for 1900 Randall Rd

Property type
Lifestyle centers, Power centers
Square Feet
542,117 SF
Year Built/Renovated
2004/2024
Lot Size (sq. ft)
2,771,723 SF

Location Insight

City
Algonquin
County
Kane
State
Illinois
Latitude
42.149702628323
Longitude
-88.337671408823
1900 Randall Rd, Algonquin, Illinois

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1900 Randall Rd
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