5950 Northwest HwyCrystal Lake, IL 60014

Property Details for 5950 Northwest Hwy

Year built

1999

Lot size

1.83 AC

Property size (Sq ft)

5,975 SF

Property type

Retail properties

Property subtype

Other retail properties

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.

Location Insight

City

Crystal Lake

County

McHenry

State

Illinois

Latitude

42.2267

Longitude

-88.3142

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