Listed by Northgate Commercial
$3,800,000
2501 McHenry Avenue
Details
Property Type Retail
Sub Type Restaurant, Storefront
Square Footage 24,032
Units 4
Cap Rate 7.90%
NOI $291,329
Occupancy 100%
Tenancy Multi
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 SqFt 1.66
Investment Type Value Add
Ground Lease No
Fully Leased Investment, End Cap with Below Market Rents in Major Retail
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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