Slumberland Furniture 165 Randall Rd 42,676 SF Retail Building Batavia, IL 60510 $4,781,250 ($112.04/SF) 8% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Slumberland Furniture property positioned within the Chicago MSA in Batavia, Illinois. Slumberland Furniture has been successfully operating at this location since June 2022 on a lease that runs through May 2032. The lease features 10% rental escalations every five years (the next taking place in 2027) and continuing throughout the two 5-year renewal options. Additionally, the lease features a corporate and personal guaranty.
The 42,676-square-foot building benefits from its strategic location off North Randall Road, which sees over 34,800 vehicles per day and serves as a key thoroughfare in the area. North Randall Road is a highly trafficked retail corridor, home to national brands such as Menards, Target, Kohl’s, Harbor Freight, Hobby Lobby, Walmart, The Home Depot, At Home, Fresh Thyme Market, Best Buy, and several others. The property is situated in an affluent area, with a population earning an average household income exceeding $177,000 within a three-mile radius. The surrounding five-mile area is home to over 110,000 residents. The property is conveniently located near Batavia High School, which serves 2,000 students. Furthermore, the property is directly across from Winding Creek, a new 100-home single-family residential development.
Slumberland Furniture is a leading home furnishings retailer that has been serving customers across the United States since its founding in 1967. Headquartered in Little Canada, Minnesota, Slumberland has grown into one of the largest furniture retailers in the Midwest, with over 120 stores in 12 states. The company is family-owned and prides itself on delivering high-quality furniture and mattresses at affordable prices. Slumberland’s product offerings include a wide range of furniture for living rooms, bedrooms, dining rooms, and home offices, as well as an extensive selection of mattresses from top brands like Tempur-Pedic, Sealy, and Simmons. The company is dedicated to helping customers create comfortable, stylish, and functional living spaces, emphasizing value, durability, and design.