1742 N Richmond Rd | Mchenry, IL 60051
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1742 N Richmond Rd
Mchenry, IL 60051
Harbor Freight · Retail Property For Sale
Investment Highlights
- Long-Term Net Lease with Rent Increases
- High Residual Value with Replacement Rent
- Best-In-Class Tenant
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the Harbor Freight located in McHenry, Illinois (the “Property”). The Property consists of a 15,563-square-foot freestanding retail building on a 1.29-acre parcel of land. Harbor Freight is operating under a brand-new net lease with 10 years of base lease term remaining, offering a passive income stream. Additionally, the lease calls for 10.00% rent escalations every 5 years and at each option, providing investors with a hedge against inflation and rent growth. Harbor Freight is currently paying a below market rent PSF of $10, creating an asset with high residual value and a low price PSF on the building.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,555 SF
Building Class
B
Year Built
1997
Price
$3,202,242 CAD
Price Per SF
$206 CAD
Cap Rate
7%
NOI
$224,157 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
1.29 AC
Zoning
C - Commercial
Amenities
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 09-26-251-039 | Improvements Assessment | $136,570 CAD |
| Land Assessment | $252,936 CAD | Total Assessment | $389,506 CAD |
PROPERTY TAXES
Parcel Number
09-26-251-039
Land Assessment
$252,936 CAD
Improvements Assessment
$136,570 CAD
Total Assessment
$389,506 CAD
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
