Listed by Northgate Commercial
$3,800,000
2501 McHenry Ave
Details
APN 059-004-013-000
Property Type Retail
Sub Type Shopping Center
Square Footage 24,032
Units 4
Cap Rate 7.90%
NOI $291,329
Occupancy 100%
Tenancy Multi
Brand/Tenant Luxury Perfumes, Color Lab
Lease Type Gross
Pro-Forma Cap Rate 7.40%
Pro-Forma NOI $273,206
Price per SqFt $158
Class B
Year Built 1979
Buildings 1
Stories 1
Acreage 1.350
Zoning Mixed Use Highway Oriented (MU-H)
Parking Spaces 40 spaces
Parking per 1,000 SqFt 1.66
Investment Type Value Add
Ground Lease No
Fully Leased Investment, End Cap with Below Market Rents in Major Retail
Marketing description
Fully occupied multi-tenant retail investment offering stable in-place cash flow with an attractive value-add opportunity through below-market rents and future lease rollovers. The property features strong visibility along the high-traffic McHenry Avenue retail corridor, located within a dense, established retail trade area. An end-cap restaurant space configuration enhances tenant mix and consumer traffic, with long-term income stability supported by select leases extending through 2030.
Investment highlights
- Fully occupied multi-tenant retail with stable in-place cash flow
- Attractive value-add opportunity through below-market rents and future lease rollovers
- Diverse tenant mix with predictable income stream
- Strong visibility along high-traffic McHenry Avenue retail corridor
- Located within a dense, established retail trade area
- End-cap restaurant space configuration enhances tenant mix and consumer traffic
- Ample on-site parking with open shopping center layout
- Existing building and monument signage provides tenant exposure
- Long-term income stability with select leases extending through 2030
Listing Contacts
Listed by Northgate Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$291,329.00
$24,277.42/mo
Valuation Metrics
0
DSCR
7.67%
Cap Rate
7.67%
ROI
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