5900 Northwest Hwy Crystal Lake, IL 60014
- Retail properties
- 6,024 SF
- 1.32 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5900 Northwest Hwy
- Year built
- 2012
- Lot size
- 1.32 lot acres
- Property size
- 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.
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
- -88.3128
- Latitude
- 42.2265
