Retail

Ashley HomeStore - Algonquin, IL

2451 S Randall Rd Algonquin, IL United States 60102-5931
Asking Price
Sq. Footage 50,000
NOI Net Operating Income
Cap Rate 8.50%

Attributes

Year Built 2006
Lease Type NN
Current / Passing Rent
Lease Expiration 2027-04-05
Remaining Term 7 years, 2 months
Tenant Ashley Furniture Homestore
Lot Size 4.51 ACRES

Property Description

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
Nicholas Kanich
Nicholas Kanich
SVP, Capital Markets
Licensed in
IL - 475147401
Alex Sharrin
Alex Sharrin
SVP, Capital Markets
Licensed in
IL - 475.170243

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