5900 Northwest HwyCrystal Lake, IL 60014

Property Details for 5900 Northwest Hwy

Year built

2012

Lot size

1.32 AC

Property size (Sq ft)

6,024 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional fee-simple retail investment opportunity presents a 6,024 square-foot building in Crystal Lake, Illinois, boasting a prime location within the Chicago MSA. The property, situated on a 1.32-acre lot, is fully occupied by three nationally recognized tenants: Starbucks, Potbelly Sandwich Shop, and Five Guys Burgers and Fries. All three tenants have maintained continuous operation since the building's construction in 2012, demonstrating exceptional historical occupancy. A recent renovation of the Starbucks unit in 2023 further enhances the property's value. The property operates under a triple-net (NNN) lease structure, minimizing landlord responsibilities and maximizing passive income. With a strong net operating income (NOI) of $229,641 and a 7.00% cap rate, this investment offers significant potential for return. The property's strategic location in a high-traffic retail corridor, coupled with the strength of its tenant mix, ensures consistent cash flow and long-term stability. The property's address is 5900 Northwest Hwy, Crystal Lake, IL 60014, and its parcel number is 19-04-351-014. This is a rare opportunity to acquire a well-established, high-performing retail property in a thriving suburban market within the third-largest metropolitan area in the United States. The asking price is $3,280,585.

Location Insight

City

Crystal Lake

County

McHenry

State

Illinois

Latitude

42.2265

Longitude

-88.3128

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