Single-Tenant Net-Leased
For Sale
Contact for pricing
Pending
5620 Northwest Hwy, Crystal Lake, IL 60014
Corporate-operated casual dining property with an absolute triple-net lease and multiple renewal options.
Property Size5,663 SF
Days on Market143
Property Features for 5620 Northwest Hwy
General Information
Standard status
Pending
Size
5,663 SF
Property subtype
Retail
Site & Location
Traffic Count
26,000 vehicles/day
Road Access
Yes
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
The Boulder Group
(847) 562-0003
Listed By:
Randy Blankstein · License #IL 471005983
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 31 at 4:54PM
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 The Boulder Group
Investment Insights
Based on property information with market context.
This single-tenant restaurant property contains a 5,663-square-foot Chili’s Grill & Bar building in Crystal Lake, Illinois. The location has operated since 2007 and became a corporate restaurant following the former franchisee’s acquisition by Brinker International in 2019. The absolute triple-net lease places no landlord responsibilities on the owner, runs through October 2027, and includes four five-year renewal options. Annual rent increases are 1.5% during both the initial term and renewal periods.
The property fronts Northwest Highway, where traffic exceeds 26,000 vehicles per day, and sits within a major retail corridor. Nearby retailers include Target, Sam’s Club, Home Depot, Kohl’s, Best Buy, Jewel-Osco, Fresh Thyme Market, Mariano’s, and ALDI. Water’s Edge, a 260-unit luxury apartment complex, is directly across from the restaurant. More than 125,000 residents live within five miles, with average household income of $139,963 in that radius.
The address is 5620 Northwest Hwy, Crystal Lake, IL 60014, within the Chicago MSA.
The property fronts Northwest Highway, where traffic exceeds 26,000 vehicles per day, and sits within a major retail corridor. Nearby retailers include Target, Sam’s Club, Home Depot, Kohl’s, Best Buy, Jewel-Osco, Fresh Thyme Market, Mariano’s, and ALDI. Water’s Edge, a 260-unit luxury apartment complex, is directly across from the restaurant. More than 125,000 residents live within five miles, with average household income of $139,963 in that radius.
The address is 5620 Northwest Hwy, Crystal Lake, IL 60014, within the Chicago MSA.
Key Highlights
- 5,663‑square‑foot Chili’s Grill & Bar building operating at the location since 2007
- Absolute triple‑net lease with no landlord responsibilities
- Lease runs through October 2027 with four 5‑year renewal options
Property Analytics
Current Use
Lease Details
26,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
453k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 28%
Apparel 26%
Groceries 25%
Electronics 9%
Jewel-Osco
Groceries
56,908 visits/mo
0.1 miles
T.J. Maxx
Apparel
49,316 visits/mo
0.4 miles
Burlington
Apparel
44,868 visits/mo
0.4 miles
Mariano's
Groceries
40,088 visits/mo
0.4 miles
Best Buy
Electronics
39,522 visits/mo
0.2 miles
Demographics for 60014, IL
48,275
Population
18,135
Households
2.7
Avg Household Size
40
Median Age
42%
College-Educated
94%
High-School Grad
25.1 sq mi
ZIP Area
1,923
Density / Sq Mi
$104,657
Median Household Income
$50,805
Median Earnings
$1,429
Median Rent
$296,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Corporate-operated casual dining property with an absolute triple-net lease and multiple renewal options.
Where is this conventional restaurant located?
The property is located at 5620 Northwest Hwy Crystal Lake, IL.
What are key features of this property?
This property features: 5,663‑square‑foot Chili’s Grill & Bar building operating at the location since 2007; Absolute triple‑net lease with no landlord responsibilities; Lease runs through October 2027 with four 5‑year renewal options
