Ashley HomeStore - Algonquin, IL

2451 S Randall Rd Algonquin , IL 60632

Ashley HomeStore - Algonquin, IL - retail for sale

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Overview



Ashley HomeStore for sale in affluent suburb 40 miles northwest of Chicago. One of the nation’s largest furniture manufacturers and retailers, Ashely HomeStore has operated at this site for the past 12 years, a primary retail location that serves Algonquin and the surrounding communities.

Investment highlights


  • Fee simple interest
  • Property includes an NN lease with 8 years of the term remaining
  • Ashley HomeStore has strong commitment to the location
  • Located in one of Illinois’ most stable retail corridors
General
Property type Retail
Tenure type Sale/Purchase
Property address 2451 S Randall Rd, Algonquin, IL 60102-5931
Market Chicago
Land in acres 4.51
Building size 50,000  ft2
Year built 2006
Financial
Price $8,235,000
Cap rate 8.50%
Current NOI $700,000.00
Lease
Tenant's name Ashley Furniture Homestore
Lease type NN
Annual rent $700,000.00
Lease expiration date 04/05/2027
Remaining term 7.5Yrs

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