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5260 Hwy NW Crystal Lake, IL

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For Sale
$4,069,000

Fully occupied retail strip with national tenants in Crystal Lake.

Property size:
12,836 SF
Lot size:
2.24 Acres

Property Features for 5260 Hwy NW

General Information

Size
12,836 SF
Lot size
2.24 Acres

Source: SRS Real Estate Partners | Chicago Agent Dan Elliot

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Retail Strip Investment Opportunity

This is an opportunity to acquire a fee simple interest in a four-tenant retail strip investment property located in Crystal Lake, Illinois. The property is 100% occupied by nationally recognized brands. FedEx recently executed an early 10-year renewal, demonstrating commitment to the site. FedEx and Panda Express feature additional 5-year options to further extend their lease. Three of the four tenants have scheduled rental increases in place. The property has a weighted average lease term of 4.5 years. The property contains 12836 square feet.
Location Intelligence

Current Use by Public Records

Strip malls

Map

City
Crystal Lake
County
McHenry
State
Illinois
Longitude
-88.314212
Latitude
42.2731962

FAQs

What type of property is this?
Strip mall - Fully occupied retail strip with national tenants in Crystal Lake.
Where is this strip mall located?
The property is located at 5260 Hwy NW Crystal Lake, IL.
What is the asking price?
The asking price for this property is $4,069,000.
What are key features of this property?
This property features: - 100% Occupancy with Nationally Recognized Brands (FedEx, Panda Express); - FedEx Recently Executed Early 10-Year Renewal, Demonstrating Long-Term Commitment; - Weighted Average Lease Term of 4.5 Years Provides Limited Short-Term Rollover Investment
More about this property
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