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1902 W Fabyan PkwyBatavia, IL 60510
Fabyan Randall Plaza
Asset ClassRetail
Deal Size$20.9 M
Cap Rate: 6.87%Occupancy: 96%Square Feet: 91,415Access Data Room
Core-Plus Grocery Anchored Center
overview of deal

Overview

Cushman & Wakefield Retail Investment Advisors present Fabyan Randall Plaza, a Core-Plus retail center anchored by Trader Joe’s, Sierra, Dollar Tree, and a free-standing Walgreens. Located in the affluent Chicago suburb of Batavia, Fabyan Randall Plaza is 97% occupied and consists of three separate buildings that total 91,415 square feet. Trader Joe’s, Sierra, and Dollar Tree anchor the multi-tenant building, while Walgreen’s and Lumes Pancake House each have separate freestanding buildings on a separate legal parcel. With a balanced tenancy of grocery, restaurants, or daily needs, a new owner can generate a consistent yield and employ a breakup strategy.

 

Fabyan Randall Plaza is located at the signalized intersection of Randall Road and Fabyan Parkway, along the heavily traveled retail corridor of Randall Road. More than 62,000 vehicles pass the center daily and the 5-mile radius consists of more than 109,000 residents with an average household income exceeding $144,000. Randall Road is considered one of Chicago’s most prolific retail destinations, spanning multiple cities and counties throughout the west and northwest suburbs. Nearby national tenants include Target, Walmart, Hobby Lobby, Menards, The Home Depot, Best Buy, Fresh Thyme Market, PetSmart, and many more.

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Investment Highlights

Year Built
2002
Parking Spaces
436 Spaces
# Tenants
12
Weighted Average Lease Term
6 Years
Land
11.09 Acres
  • Dominant Retail Corridor
  • Dense, Suburban Infill
  • Two STNL Outparcels
  • Anchored by Trader Joe's, Dollar Tree, & STNL Walgreen's
  • Tenured Tenancy
  • Strong Leasing Momentum
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1902 W Fabyan PkwyBatavia, IL 60510
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Listing provided by Revere CRE