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Retail Strip Investment Opportunity

5260 NW Hwy, Crystal Lake, IL

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For Sale

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Fully occupied retail strip with national tenants in Crystal Lake.

Type:RETAIL

Property size:

12,836 SF

Lot size:

2.24 Acres

HighLights

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
Located in a Thriving and Desirable Chicagoland Suburb (Crystal Lake, IL)
3 of 4 Tenants Have Scheduled Rental Increases in Place, Growing NOI
FedEx and Panda Express Have Additional 5‑Year Options to Extend Their Leases

We can help!

Listing Contact

Dan Elliot

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For Sale

Contact for pricing

Fully occupied retail strip with national tenants in Crystal Lake.

Type:RETAIL

Property size:

12,836 SF

Lot size:

2.24 Acres

Added:: Oct 24, 2024
Days on Market:: 599
Last Refresh:: May 20 at 8:58 pm

Property Features for 5260 NW Hwy

General Information

Standard status: Active
Size: 12,836 SF
Lot size: 2.24 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Dan Elliot

Listing agent Dan Elliot License #475132482

Listing office SRS Real Estate Partners | Chicago

Listing date Oct 24, 2024

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners | Chicago

HighLights

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
Located in a Thriving and Desirable Chicagoland Suburb (Crystal Lake, IL)
3 of 4 Tenants Have Scheduled Rental Increases in Place, Growing NOI
FedEx and Panda Express Have Additional 5‑Year Options to Extend Their Leases

Overview

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: -88.3142
Latitude: 42.2732

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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 NW Hwy Crystal Lake, IL.

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

5260 NW Hwy, Crystal Lake, IL

Fully occupied retail strip with national tenants in Crystal Lake.

Property Features for 5260 NW Hwy

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Map

Nearby Similar for Sale

Crystal Lake Leased Investment Property

Two-Story Multi-Tenant Office Building

Corner Office/Retail Suite Available

Renovated Multifamily Investment Opportunity

Two-Story Multi-Tenant Office Building

Renovated Executive Office Space Available

Professional Office End Unit Condo

Crystal Lake Mixed-Use Property

Industrial Building with Leased Units

Mixed-Use Building in Downtown

Adaptable Retail or Office Building

Turnkey Commercial Property Near Downtown

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