5380 Northwest Hwy - Freestanding FOR SALE


Crystal Lake, IL 60014
$6,030,000 USD
312-279-5342
5380 Northwest Hwy, Crystal Lake, IL for Sale
$6,030,000 USD
Freestanding - FOR SALE
1/9
null | 6% Cap Rate

5380 Northwest Hwy
Crystal Lake, IL 60014


HIGHLIGHTS

  • Over 10 Years Remaining | Scheduled Rental Increases | Corporate Signature | Well-Known & Established Brand
  • NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Outparcel to 369K+ SF Power Center | Dense Retail Trade Area | Strong Surrounding National/Credit Tenant Presence
  • Prime Location on Northwest Highway (30,800 VPD) | Centralized Location | Chicago MSA | Excellent Visibility
  • Direct Residential Consumer Base | Affluent Community | Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, freestanding, Binny’s Beverage Depot (Binny’s) investment property located in Crystal Lake, IL (Chicago MSA). The tenant, Gold Standard Enterprises, Inc. (dba Binny’s Beverage Depot), has over 10 years of firm term remaining with an additional 5 (5-year) option periods left to extend. The lease features 5% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is NN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. Founded in 1948, Binny’s is the Midwest’s largest retailer for fine wines, spirits, beer, and cigars with over 45 locations.

FOR SALE DETAILS

PRICE

$6,030,000 USD

PRICE/SF

$245 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Binny's | Corp NN w/ 10+ Yrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

122

LAND DETAILS

CROSS STREETS

Route 14

LAND ACRES

2.66 AC

LAND SF

115,870 SF

ZONING

B-2 PUD

APN/PARCEL ID

19-04-452-007

ASK ABOUT THIS PROPERTY

Dan ElliotSRS Real Estate PartnersMore Info
312-279-5342

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Dan ElliotSRS Real Estate PartnersMore Info
312-279-5342

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.