5900 Northwest HwyCrystal Lake, IL 60014

For Sale
$3,280,585

Crystal Lake, IL: Starbucks, Potbelly, Five Guys

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional fee-simple retail investment opportunity presents a 6,024 square-foot building in Crystal Lake, Illinois, boasting a prime location within the Chicago MSA. The property, situated on a 1.32-acre lot, is fully occupied by three nationally recognized tenants: Starbucks, Potbelly Sandwich Shop, and Five Guys Burgers and Fries. All three tenants have maintained continuous operation since the building's construction in 2012, demonstrating exceptional historical occupancy. A recent renovation of the Starbucks unit in 2023 further enhances the property's value. The property operates under a triple-net (NNN) lease structure, minimizing landlord responsibilities and maximizing passive income. With a strong net operating income (NOI) of $229,641 and a 7.00% cap rate, this investment offers significant potential for return. The property's strategic location in a high-traffic retail corridor, coupled with the strength of its tenant mix, ensures consistent cash flow and long-term stability. The property's address is 5900 Northwest Hwy, Crystal Lake, IL 60014, and its parcel number is 19-04-351-014. This is a rare opportunity to acquire a well-established, high-performing retail property in a thriving suburban market within the third-largest metropolitan area in the United States. The asking price is $3,280,585.

Highlights

  • Dense, affluent suburban Chicago MSA investment opportunity.
  • Exceptional historical occupancy with a strong fast-casual tenant mix (Starbucks, Potbelly, Five Guys).
  • Recent Starbucks renovation (2023).
  • Triple-net (NNN) leases with low vacancy and strong tenant demand.
  • Highly passive income property with drive-thru access.
  • Outparcel pad site at Crystal Point Shopping Center.

Property Details for 5900 Northwest Hwy

Property type
Other retail properties, Restaurants
Square Feet
6,024 SF
Year Built/Renovated
2012/2023
Lot Size (sq. ft)
57,499 SF

Location Insight

City
Crystal Lake
County
McHenry
State
Illinois
Latitude
42.2264645
Longitude
-88.312792
5900 Northwest Hwy, Crystal Lake, Illinois

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5900 Northwest Hwy
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