Retail    

Harbor Freight Tools

 McHenry, IL

Asking Price

$2,223,285

Cap Rate

7.00%

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Lease Type

Net Lease

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Attractive Rent Increases

10.00% Every 5 Years

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Building Size

15,563 SF

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High Residual Value

Low Price/SF

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Corporate Guaranty

S&P: BB-/Stable

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Long-Term Net Lease with Rent Increases – Operating under a brand-new net lease with 10 years of base lease term remaining
  • Best-in-Class Tenant with Corporate Guaranty – 2023 Revenues of nearly $7 billion
  • High Residual Value with Replaceable Rent Below market rent ($10/SF)
  • Exceptional Retail Corridor – N Richmond Road (22,200 VPD)
  • Shadow to McHenry Plaza  –212,000-square-foot community shopping center that is tenanted by Extra Space Self Storage, Aspen Dental, WellNow, Panera, Popeyes, and several others
  • Strong, Affluent Demographics – Within a five-mile radius there are over 63,000 residents and an average household income of over $111,000 

Exclusively Listed By

Isaiah Harf

Regional Managing Director
  iharf@northmarq.com      +1 773.963.2637
Illinois Broker #471019332

BJ Feller

Senior Vice President & Managing Director
  bfeller@northmarq.com   

Christian Tremblay

Vice President
  ctremblay@northmarq.com   

Mark Lovering

Associate Vice President
  mlovering@northmarq.com   

Jack Collins

Associate Vice President
  jcollins@northmarq.com   

Josh Dicker

Senior Associate
  jdicker@northmarq.com   

Robin Borgeson

Associate
  rborgeson@northmarq.com   

Russell Freeman

Analyst
  rfreeman@northmarq.com   

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