5380 Northwest HwyCrystal Lake, IL 60014

For Sale
$6,030,000

High-yield retail investment, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents the fee simple ownership of a 24,593-square-foot Binny's Beverage Depot in Crystal Lake, Illinois, within the Chicago MSA. Located at 5380 Northwest Highway (60014), this single-tenant, net-leased property boasts a strong corporate guarantee from Gold Standard Enterprises, Inc. (dba Binny's Beverage Depot), offering significant long-term stability. The lease, expiring January 31, 2035, includes a substantial remaining term of 10.2 years, with five additional five-year renewal options. Rent increases of 5% every five years provide built-in protection against inflation and enhance the property's overall return. The property sits on a 2.66-acre lot and includes 122 parking spaces, catering to the high volume of customers. The building, constructed in 2000, is zoned B-2 PUD: General Commercial (PUD), and benefits from its location in a dense retail trade area, shadow-anchored by Target and Kohl's, ensuring high visibility and traffic. The property's Net Operating Income (NOI) is $361,782, resulting in a 6.00% cap rate. This is an ideal, low-management investment opportunity for passive investors seeking a secure, high-performing asset in a prime location with a well-established, nationally recognized tenant. The property's APN is 19-04-452-007. This is a fee simple ownership opportunity.

Highlights

  • Fee simple ownership of a 24,593 SF Binny's Beverage Depot in Crystal Lake, IL (Chicago MSA). Over 10 years remaining on the lease, with five 5-year renewal options and 5% rent increases every five years.
  • Net-leased property with limited landlord responsibilities, offering fee simple ownership and a corporate guarantee from Gold Standard Enterprises, Inc.
  • Outparcel to a 369,000+ SF power center, located in a dense retail area with strong national credit tenants like Target and Kohl's.
  • Excellent visibility on Northwest Highway (30,800 VPD) in a central Chicago MSA location.
  • Strong demographics within a 5-mile radius, serving a direct residential consumer base in an affluent community.

Property Details for 5380 Northwest Hwy

Property type
Other retail properties, Individual retail properties
Square Feet
24,593 SF
Year Built
2000
Buildings
1
Lot Size (sq. ft)
115,870 SF

Location Insight

City
Crystal Lake
County
McHenry
State
Illinois
Latitude
42.2268537
Longitude
-88.303172
5380 Northwest Hwy, Crystal Lake, Illinois

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5380 Northwest Hwy
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