5950 Northwest Hwy Crystal Lake, IL 60014
- Retail properties
- 5,975 SF
- 1.83 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5950 Northwest Hwy
- Year built
- 1999
- Lot size
- 1.83 lot acres
- Property size
- 5,975 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a fee-simple interest in a 5,975-square-foot retail building situated on a 1.83-acre lot in Crystal Lake, Illinois. The property boasts 100% occupancy with two established tenants: Panera Bread and Jamba Juice, enjoying a combined operational history exceeding 42 years. Panera recently committed to a new 10-year lease extension, highlighting the location's strength and the tenant's long-term commitment. This multi-tenant property generates a substantial net operating income (NOI) of $233,172, yielding a compelling 6.75% cap rate. The asking price is $3,642,400. Built in 1999, the property is strategically located in a prime retail corridor within Crystal Lake, a thriving suburb approximately 50 miles northwest of Chicago, within the third-largest metropolitan area in the United States. The property's location within the densely populated and affluent Chicago MSA, coupled with its strong tenant mix, recent lease extension, and low vacancy rates, makes it an attractive investment prospect. The property is an outparcel pad site to Crystal Point Shopping Center, further enhancing its visibility and accessibility. This net lease investment offers a highly passive income stream with significant potential for future growth and lease renewals. The property's financial performance and location within a robust market make it a compelling opportunity for discerning investors.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Crystal Lake
- County
- McHenry
- State
- Illinois
- Longitude
- -88.3142
- Latitude
- 42.2267
