Language and Region
Currency

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

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

929 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Binny's | Corp NN w/ 10+ Yrs 5380 Northwest Hwy

24,593 SF Retail Building Crystal Lake, IL 60014 £4,733,496 (£192/SF) 6% Net Initial Yield

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Over 10 Years Remaining | Scheduled Rental Increases | Corporate Signature | Well-Known & Established Brand
Outparcel to 369K+ SF Power Center | Dense Retail Trade Area | Strong Surrounding National/Credit Tenant Presence
Direct Residential Consumer Base | Affluent Community | Demographics in 5-Mile Trade Area

NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
Prime Location on Northwest Highway (30,800 VPD) | Centralized Location | Chicago MSA | Excellent Visibility

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, freestanding, Binny’s Beverage Depot (Binny’s) investment property located in Crystal Lake, IL (Chicago MSA). The tenant, Gold Standard Enterprises, Inc. (dba Binny’s Beverage Depot), has over 10 years of firm term remaining with an additional 5 (5-year) option periods left to extend. The lease features 5% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is NN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. Founded in 1948, Binny’s is the Midwest’s largest retailer for fine wines, spirits, beer, and cigars with over 45 locations.