5380 Northwest Hwy Crystal Lake, IL 60014
- Retail properties
- 24,593 SF
- 2.66 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5380 Northwest Hwy
- Year built
- 2000
- Lot size
- 2.66 lot acres
- Property size
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Crystal Lake
- County
- McHenry
- State
- Illinois
- Longitude
- -88.3032
- Latitude
- 42.2269
