Batavia 165: Durable Income in a High-Quality Retail Corridor
Just as Q3 ended, Sower Longview Fund II, LP completed the acquisition of Batavia 165, a 42,676-square-foot freestanding retail asset located in Batavia, Illinois, one of suburban Chicago’s most established retail corridors. This acquisition reinforces Sower Commercial’s focus on necessity-driven retail assets that deliver predictable cash flow and resilient performance across market cycles.
Batavia 165 is fully leased to Slumberland Furniture under a long-term lease, providing strong credit quality and income stability. Slumberland’s established operating history at the location further supports confidence in continued tenancy and durable cash flows over the investment horizon. The property is strategically positioned along Randall Road, a highly trafficked retail corridor, with a complementary mix of nationally recognized tenants.
The surrounding trade area is characterized by affluent households and strong consumer spending, fundamentals that continue to underpin demand for high-quality retail space. Strong visibility, accessibility, and consistent traffic make Batavia 165 a compelling long-term holding within the Sower Longview Fund II portfolio.
The transaction was structured to balance immediate income with long-term flexibility. Batavia 165 targets an initial cash yield of approximately 11% and a projected total return of 15.11%, aligning with the Fund’s broader objectives of generating 6%-8% annual cash yields and 12%-15% total net returns. This acquisition reflects Sower Commercial’s disciplined underwriting, defensive positioning, and focus on assets that can perform across varying market conditions.
