5900 Northwest Hwy | Crystal Lake, IL 60014
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5900 Northwest Hwy
Crystal Lake, IL 60014
Starbucks | Potbelly | Five Guys · Retail Property For Sale
Investment Highlights
- Dense, Affluent Suburban Chicago MSA Investment Opportunity
- Recent Starbucks Renovation
- Highly Passive Shopping Center Net Leases w/ Drive-Thru
- Outstanding Historical Occupancy History w/ Industry Leading Fast Casual Tenant Mix
- Low Vacancy Rates & Growing Rents Creating Strong Tenant Demand
- Outparcel Pad Site to Crystal Point Shopping Center
Executive Summary
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Starbucks, Potbelly, and Five Guys property located in Crystal Lake, Illinois (“The Property”). The Property is comprised of a three-tenant, 6,024 square-foot freestanding retail building on a 1.32-acre parcel of land. The Property is 100% occupied by Starbucks, Potbelly, and Five Guys, all of which have operated at the Property since 2012. See Lease Abstract for full details.
The Property is located in Crystal Lake, Illinois, a suburb roughly 50 miles northwest of downtown Chicago. Crystal Lake is a part of the Chicago metropolitan area, which is the 3rd largest metro in the United States with over 9.6 million residents.
The Property is located in Crystal Lake, Illinois, a suburb roughly 50 miles northwest of downtown Chicago. Crystal Lake is a part of the Chicago metropolitan area, which is the 3rd largest metro in the United States with over 9.6 million residents.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,024 SF
Building Class
B
Year Built/Renovated
2012/2023
Price
$3,280,585
Price Per SF
$545
Cap Rate
7%
NOI
$229,640
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Parking
15 Spaces (2.31 Spaces per 1,000 SF Leased)
Frontage
144 FT on Northwest Hwy
Amenities
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 19-04-351-014 | Improvements Assessment | $188,564 |
| Land Assessment | $135,809 | Total Assessment | $324,373 |
PROPERTY TAXES
Parcel Number
19-04-351-014
Land Assessment
$135,809
Improvements Assessment
$188,564
Total Assessment
$324,373
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