5380 Northwest HwyCrystal Lake, IL 60014

Property Details for 5380 Northwest Hwy

Year built

2000

Lot size

2.66 AC

Property size (Sq ft)

24,593 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents the fee simple ownership of a 24,593-square-foot Binny's Beverage Depot in Crystal Lake, Illinois, within the Chicago MSA. Located at 5380 Northwest Highway (60014), this single-tenant, net-leased property boasts a strong corporate guarantee from Gold Standard Enterprises, Inc. (dba Binny's Beverage Depot), offering significant long-term stability. The lease, expiring January 31, 2035, includes a substantial remaining term of 10.2 years, with five additional five-year renewal options. Rent increases of 5% every five years provide built-in protection against inflation and enhance the property's overall return. The property sits on a 2.66-acre lot and includes 122 parking spaces, catering to the high volume of customers. The building, constructed in 2000, is zoned B-2 PUD: General Commercial (PUD), and benefits from its location in a dense retail trade area, shadow-anchored by Target and Kohl's, ensuring high visibility and traffic. The property's Net Operating Income (NOI) is $361,782, resulting in a 6.00% cap rate. This is an ideal, low-management investment opportunity for passive investors seeking a secure, high-performing asset in a prime location with a well-established, nationally recognized tenant. The property's APN is 19-04-452-007. This is a fee simple ownership opportunity.

Location Insight

City

Crystal Lake

County

McHenry

State

Illinois

Latitude

42.2269

Longitude

-88.3032

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