5200 Elm StMcHenry, IL 60050

This exceptional investment opportunity presents a 3,000 square foot storefront and auto shop in McHenry, IL, featuring a 15.3-year absolute NNN lease with Strickland Brothers, a corporation operating over 200 locations across 24 states. The lease commenced May 31, 2022, and expires August 30, 2037, leaving a substantial 12.8 years remaining. The property boasts a 7.00% cap rate and a strong net operating income (NOI) of $104,975. Rent increases by 10% every five years, providing significant long-term growth potential. The property, built in 1996 and renovated in 2022, sits on a 0.39-acre lot with seven parking spaces. The tenant is backed by a corporate guarantee, mitigating risk. The lease includes four, five-year renewal options. This fee-simple ownership offers exceptional value in a prime location with excellent visibility and access, experiencing 100% occupancy since its May 31, 2022 opening. The property benefits from its proximity to major employers, educational institutions, and healthcare facilities, serving a thriving trade area with a population exceeding 99,136 residents and an average household income of $105,245. The property's strategic location, coupled with the strength of the tenant and the lease terms, makes this a compelling investment opportunity. The property is located at 5200 W Elm St, McHenry, IL 60050.