5260 Northwest HwyCrystal Lake, IL 60014

This exceptional investment opportunity presents a fee-simple interest in a four-tenant retail strip center totaling 12,836 square feet, situated on a 2.21-acre lot in Crystal Lake, Illinois. The property, built in 1999, boasts a strong lineup of nationally recognized tenants including FedEx, Panda Express, and Famous Footwear, ensuring consistent cash flow. The property enjoys a 100% occupancy rate with a weighted average lease term of 4.5 years, minimizing short-term rollover risk. Two tenants have scheduled rental increases built into their leases, providing a hedge against inflation and increasing net operating income (NOI). The NOI currently stands at $266,785, yielding a 6.25% cap rate on the asking price of $4,269,000 ($332.58 per square foot). Strategically located on Northwest Highway (US Route 14), a major arterial with high daily traffic volume (30,800 vehicles), the property benefits from excellent visibility and accessibility. Its location as an outparcel to the Bohl Farm Marketplace, a prominent power center anchored by Target, Kohl's, and Fresh Thyme Farmers Market, further enhances its appeal. The surrounding area includes numerous other national retailers, creating a synergistic retail environment. The property is also conveniently located near substantial residential communities, providing a strong local customer base. The 5-mile trade area boasts a population exceeding 123,200 residents and 51,400 daytime employees, with affluent average household incomes. The property is zoned B-2 PUD: General Commercial. This is a prime investment opportunity in a thriving Chicagoland suburb.