Shops on 31 - McHenry, IL

Colliers Net Lease Investment Group is pleased to present to qualified investors the opportunity to acquire a 100% fee interest in the Shops on 31, a 5-tenant service-oriented strip center in McHenry, IL Most of the tenants have a long history at the property.
The property is anchored by Brunch Café and Meat & Potato – both growing franchises in the Chicago MSA. The property is at the hub of the market, just off the corner of Route 31 and Bull Valley Rd.
The building has been significantly renovated over the years as new tenants were brought into the property. A related entity to ownership is a contractor. Correspondingly, the property has been maintained to the highest degree. Furthermore, part of the lease agreements is a reserve fund for capital improvements, thereby limiting costs to ownership and ensuring upkeep.
The site is just North of the intersection of Route 31 & Bull Valley Rd. There are actually three different street access points to the property, making the location very strategic. Route 31 brings more than 20,000 people by the property each day. There are over 66,000 people within 3 miles of the store property.
The 15,461-square-foot strip center is offered at $4,596,614, corresponding to a 7.00% cap rate on year 1 NOI.Colliers Net Lease Investment Group is pleased to present to qualified investors the opportunity to acquire a 100% fee interest in the Shops on 31, a 5-tenant service-oriented strip center in McHenry, IL Most of the tenants have a long history at the property.
The property is anchored by Brunch Café and Meat & Potato – both growing franchises in the Chicago MSA. The property is at the hub of the market, just off the corner of Route 31 and Bull Valley Rd.
The building has been significantly renovated over the years as new tenants were brought into the property. A related entity to ownership is a contractor. Correspondingly, the property has been maintained to the highest degree. Furthermore, part of the lease agreements is a reserve fund for capital improvements, thereby limiting costs to ownership and ensuring upkeep.
The site is just North of the intersection of Route 31 & Bull Valley Rd. There are actually three different street access points to the property, making the location very strategic. Route 31 brings more than 20,000 people by the property each day. There are over 66,000 people within 3 miles of the store property.
The 15,461-square-foot strip center is offered at $4,151,781, corresponding to a 7.75% cap rate on year 1 NOI.