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Shopping Strip

McHenry Town Center

2302 N Richmond Rd, McHenry, IL 60051

Listing Price: $7,290,000

Cap Rate
6.50%
Gross SF
19,663
Rentable SF
19,663
Price/Gross SF
$370.75
Lot Size
2.73 acres
Year Built
2003

Investment Overview

Marcus & Millichap is pleased to present for sale, McHenry Town Center located in McHenry, Illinois. The subject property is comprised of two, 100 percent occupied triple-net outparcel strips totaling 19,663 square feet. The key national tenants include Starbucks, Chipotle, Domino’s, Jimmy John’s, VisionWorks and Mattress Firm. They are all leased into 2026 or beyond and are comprised of 69 percent of gross leasable area.

Investment Highlights

  • Two 100 Percent Occupied Triple-Net Outparcel Strips Totaling 19,663 Square Feet in McHenry, Illinois – Affluent Chicagoland Suburb
  • Best Located Strips in the Market – Shadowed by Kohl's, Aldi and Michaels and Directly Across from Meijer and Home Depot
  • Key National Tenants Include Starbucks, Chipotle, Domino's, Jimmy John's, VisionWorks and Mattress Firm; All Leased into 2026 or Beyond and Comprise 69 Percent of Gross Leasable Area
  • Only Location for Nine of the Strips' 10 Tenants in the McHenry Market (Five-Mile Population is 64,300)
  • Majority of Tenants Subject to Annual Rent Increases During Base Term and/or Options Providing Organic Net Operating Income Growth and Inflation Hedge Over Hold Period
  • Brand New Roofs Installed on Both Buildings in 2020 at a Cost of $160,000 – TPO with Transferrable Warranty
  • Located in the Center of McHenry's Primary Retail Corridor – Traffic Drivers Include Walmart, Dick's, T.J. Maxx, Five Below, DSW, PetSmart, Ross, JOANN, JCPenney, Old Navy, Ulta, Planet Fitness, Hobby Lobby, Goodwill, and Dozens of Restaurants and Small-Shop Retailers
  • All Tenants Leased to Triple-Net Terms with Full Reimbursement of Taxes, Insurance and Common Area Maintenance; Eight of 10 Tenants (81.3 Percent of Gross Leasable Area) are National Brands

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Listing Price: $7,290,000

Cap Rate
6.50%
Gross SF
19,663
Rentable SF
19,663
Price/Gross SF
$370.75
Lot Size
2.73 acres
Year Built
2003

Investment Highlights

  • Two 100 Percent Occupied Triple-Net Outparcel Strips Totaling 19,663 Square Feet in McHenry, Illinois – Affluent Chicagoland Suburb
  • Best Located Strips in the Market – Shadowed by Kohl's, Aldi and Michaels and Directly Across from Meijer and Home Depot
  • Key National Tenants Include Starbucks, Chipotle, Domino's, Jimmy John's, VisionWorks and Mattress Firm; All Leased into 2026 or Beyond and Comprise 69 Percent of Gross Leasable Area
  • Only Location for Nine of the Strips' 10 Tenants in the McHenry Market (Five-Mile Population is 64,300)
  • Majority of Tenants Subject to Annual Rent Increases During Base Term and/or Options Providing Organic Net Operating Income Growth and Inflation Hedge Over Hold Period
  • Brand New Roofs Installed on Both Buildings in 2020 at a Cost of $160,000 – TPO with Transferrable Warranty
  • Located in the Center of McHenry's Primary Retail Corridor – Traffic Drivers Include Walmart, Dick's, T.J. Maxx, Five Below, DSW, PetSmart, Ross, JOANN, JCPenney, Old Navy, Ulta, Planet Fitness, Hobby Lobby, Goodwill, and Dozens of Restaurants and Small-Shop Retailers
  • All Tenants Leased to Triple-Net Terms with Full Reimbursement of Taxes, Insurance and Common Area Maintenance; Eight of 10 Tenants (81.3 Percent of Gross Leasable Area) are National Brands

Investment Overview

Marcus & Millichap is pleased to present for sale, McHenry Town Center located in McHenry, Illinois. The subject property is comprised of two, 100 percent occupied triple-net outparcel strips totaling 19,663 square feet. The key national tenants include Starbucks, Chipotle, Domino’s, Jimmy John’s, VisionWorks and Mattress Firm. They are all leased into 2026 or beyond and are comprised of 69 percent of gross leasable area.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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