5750 Northwest HwyCrystal Lake, IL 60014

For Sale
$1,971,500

High-yield, multi-tenant retail property.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple interest in a 4,169 square foot, single-story retail building situated on a one-acre lot in Crystal Lake, Illinois. The property boasts a prime location at 5750 Northwest Hwy, a main intersection with excellent visibility. Currently 100% occupied by two national tenants, Helzberg Diamonds and Euro Wax, this property offers a stable income stream with a strong net operating income (NOI) of $145,870 and a 7.40% cap rate. The asking price is $1,971,500, translating to $472.90 per square foot. Both tenants are under long-term net leases with a remaining term of 6.9 years. The lease structure includes attractive rent bumps

Highlights

  • Investment opportunity in affluent Chicago suburban MSA.
  • Passive-income shopping center with strong rental growth.
  • Outparcel pad site at Crystal Point Shopping Center.
  • Prime retail location in Crystal Lake's main commercial area.
  • Tenant mix resistant to e-commerce competition.
  • New 10-year lease with leading national wax service provider.

Property Details for 5750 Northwest Hwy

Property type
Other retail properties, Individual retail properties
Square Feet
4,169 SF
Year Built
2001
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Crystal Lake
County
McHenry
State
Illinois
Latitude
42.2265201
Longitude
-88.3105198
5750 Northwest Hwy, Crystal Lake, Illinois

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5750 Northwest Hwy
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