Overview

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied, three-tenant, e-commerce resistant, retail strip investment property located in Crystal Lake, IL (Chicago MSA). The center features a strong lineup of necessity-based, e-commerce resistant brands of Lens Crafters, Bentley’s Pet Stuff, and Nothing Bundt Cakes. Located in a thriving and desirable Chicagoland suburb with a strong national tenant lineup increases the interest of the site and drives a steady stream of loyal, local consumers.

The subject is strategically located along Northwest Highway, providing clear visibility and access to an average of 30,800 vehicles passing by daily. Northwest Highway / U.S. Route 14 is a major arterial that provides efficient commutes and connects the northwestern suburbs of Chicago. The asset benefits from nearby access onto several other major State Routes and Highways, further making this a centralized location and providing easy access for both employees and customers. The strip center is ideally situated as an outparcel to Bohl Farm Marketplace, a 369K+ SF Power Center anchored by Target, Kohl’s, and Fresh Thyme Marketplace. The additional surrounding national/credit tenants include Sam’s Club, Best Buy, Jewel-Osco, ALDI, PetSmart, and Menards, among many others. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Furthermore, the asset is near numerous single-family communities and multi-family complexes including Residences of Crystal Lake (60 units), Congress Parkway (60 units), Darlington Court (235 units), and others, providing a direct residential consumer base for the site. The 5-mile trade area is supported by over 123,200 residents and 51,400 daytime employees. Residents within 1, 3, & 5 miles of the subject boast an affluent average household income of $113,136, $119,798, & 135,052, respectively.

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