Retail Space
2302 North Richmond Road McHenry, IL 60051
Details & Description
Price: $7,290,000
    Marcus & Millichap is pleased to present for sale, McHenry Town Center located in McHenry, Illinois. The subject property is comprised of two, 100 percent occupied triple-net outparcel strips totaling 19,663 square feet. The key national tenants include Starbucks, Chipotle, Domino’s, Jimmy John’s, VisionWorks and Mattress Firm. They are all leased into 2026 or beyond and are comprised of 69 percent of gross leasable area.Key National Tenants Include Starbucks, Chipotle, Domino's, Jimmy John's, VisionWorks and Mattress Firm; All Leased into 2026 or Beyond and Comprise 69 Percent of Gross Leasable Area.Majority of Tenants Subject to Annual Rent Increases During Base Term and/or Options Providing Organic Net Operating Income Growth and Inflation Hedge Over Hold Period.Brand New Roofs Installed on Both Buildings in 2020 at a Cost of $160,000 – TPO with Transferrable Warranty.Located in the Center of McHenry's Primary Retail Corridor – Traffic Drivers Include Walmart, Dick's, T.J. Maxx, Five Below, DSW, PetSmart, Ross, JOANN, JCPenney, Old Navy, Ulta, Planet Fitness, Hobby Lobby, Goodwill, and Dozens of Restaurants and Small-Shop Retailers.All Tenants Leased to Triple-Net Terms with Full Reimbursement of Taxes, Insurance and Common Area Maintenance; Eight of 10 Tenants (81.3 Percent of Gross Leasable Area) are National Brands.
    Property Highlights
     Two 100 Percent Occupied Triple-Net Outparcel Strips Totaling 19,663 Square Feet in McHenry, Illinois Affluent Chicago
     Best Located Strips in the Market Shadowed by Kohls, Aldi and Michaels and Directly Across from Meijer and Home Depot
    Listing Agents
    Craig Fuller

    O: 216-264-2043
    cfuller@ipausa.com
    Bryan Baetjer
    Marcus & Millichap
    O: 216-264-2027
    bryan.baetjer@marcusmillichap.com
    Scott Wiles
    Marcus & Millichap
    O: 216-264-2026
    swiles@ipausa.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    2302 North Richmond Road

    McHenry, IL 60051

    McHenry Town Center

    Listing ID: 276039
    • 2302 North Richmond Road McHenry, IL 60051 | for Sale | Photo 1
    • 2302 North Richmond Road McHenry, IL 60051 | for Sale | Photo 2
    2302 North Richmond Road | for Sale | Thumbnail 1
    2302 North Richmond Road | for Sale | Thumbnail 2
    Building Size: 19,663 SF
    Lot Size: 2.730 AC
    Land Size: 118,918 SF
    Building $/SF: $370.75
    Land $/SF: $61.30
    Price
    $7,290,000
    Property Highlights
    Two 100 Percent Occupied Triple-Net Outparcel Strips Totaling 19,663 Square Feet in McHenry, Illinois Affluent Chicago
    Best Located Strips in the Market Shadowed by Kohls, Aldi and Michaels and Directly Across from Meijer and Home Depot
    Only Location for Nine of the Strips 10 Tenants in the McHenry Market Five-Mile Population is 64,300
    Description

    Marcus & Millichap is pleased to present for sale, McHenry Town Center located in McHenry, Illinois. The subject property is comprised of two, 100 percent occupied triple-net outparcel strips totaling 19,663 square feet. The key national tenants include Starbucks, Chipotle, Domino’s, Jimmy John’s, VisionWorks and Mattress Firm. They are all leased into 2026 or beyond and are comprised of 69 percent of gross leasable area.

    Key National Tenants Include Starbucks, Chipotle, Domino's, Jimmy John's, VisionWorks and Mattress Firm; All Leased into 2026 or Beyond and Comprise 69 Percent of Gross Leasable Area.

    Majority of Tenants Subject to Annual Rent Increases During Base Term and/or Options Providing Organic Net Operating Income Growth and Inflation Hedge Over Hold Period.

    Brand New Roofs Installed on Both Buildings in 2020 at a Cost of $160,000 – TPO with Transferrable Warranty.

    Located in the Center of McHenry's Primary Retail Corridor – Traffic Drivers Include Walmart, Dick's, T.J. Maxx, Five Below, DSW, PetSmart, Ross, JOANN, JCPenney, Old Navy, Ulta, Planet Fitness, Hobby Lobby, Goodwill, and Dozens of Restaurants and Small-Shop Retailers.

    All Tenants Leased to Triple-Net Terms with Full Reimbursement of Taxes, Insurance and Common Area Maintenance; Eight of 10 Tenants (81.3 Percent of Gross Leasable Area) are National Brands.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Rockford History of Retail Space for Sale

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    McHenry Area Market Trends

    Listing Demographics for 2302 North Richmond Road McHenry, IL 60051

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population4,23133,14368,975
    Population Median Age404039
    Population by Age0-9 Yrs492 (11%)3576 (10%)7418 (10%)
    10-19 Yrs523 (12%)4741 (14%)9355 (13%)
    20-29 Yrs411 (9%)3799 (11%)8815 (12%)
    30-39 Yrs560 (13%)4206 (12%)8490 (12%)
    40-49 Yrs627 (14%)4515 (13%)9455 (13%)
    50-59 Yrs660 (15%)5102 (15%)11111 (16%)
    60-69 Yrs528 (12%)3996 (12%)7956 (11%)
    70+ Yrs431 (10%)3209 (9%)6376 (9%)
    Median HH Income$77,312$75,075$74,972
    Total Household Income< 24K230 (13%)1756 (13%)3181 (11%)
    25-49K353 (20%)2382 (18%)4933 (18%)
    50-74K241 (14%)2186 (17%)5261 (19%)
    75-99K199 (11%)1804 (14%)3955 (14%)
    100-199K478 (28%)3612 (28%)7619 (28%)
    200K+184 (10%)919 (7%)1790 (6%)
    Highest Education LevelNo Diploma23821223389
    Diploma or GED859745515773
    Some College711538011523
    Assoc. Degree17920424640
    Bachelors Degree73641888979
    Higher Degree31917423672
    Total Housing Units1,75313,36428,663
    --Owner-Occupied1,2589,27919,827
    --Renter-Occupied4263,3796,911
    Owner-Occupied Values< 100K808572029
    100-199K57643558960
    200-299K37424745031
    300-399K1119212311
    400-499K45333841
    500K+71339655
    Total Working Age Population3,44626,67556,000
    In Work Force2,39118,02538,557
    Not In Work Force1,0558,64917,443
    Workforce Employed2,34217,28736,894
    Workforce Unemployed497381,662
    Civlian Workforce2,39118,02538,557
    Military Workforce000
    Total Households1,68412,65826,738
    Family Households1,1398,67718,013
    Non-Family Households5453,9828,726
    Married Couple8756,83814,277
    Other Family2641,8393,735
    Married w/Child3912,7635,448
    Single Male w/Child28298650
    Single Female w/Child896841,476

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Illinois12,419,293+312,830,632+1214,316,487+615,138,849
    Lake County644,356+9703,462+17820,250+6873,024
    McHenry County260,077+19308,760+32407,931+9443,398

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 2302 North Richmond Road in McHenry?
    The asking price for 2302 North Richmond Road is $7,290,000
    What is the building size of this Retail property in McHenry, IL?
    The size of the building/unit at 2302 North Richmond Road in McHenry is 19,663 square feet
    How much land does the McHenry, IL property at 2302 North Richmond Road include?
    2302 North Richmond Road in McHenry includes 2.730 acres of land
    What kind of Retail is the propery at 2302 North Richmond Road?
    The property at 2302 North Richmond Road McHenry, IL 60051 is listed as a Shopping Center Retail property
    What is the population within 1 mile of 2302 North Richmond Road in McHenry?
    The population within 1 mile of 2302 North Richmond Road McHenry, IL 60051 is 4,231 people.
    Who do I contact for questions about 2302 North Richmond Road?
    You should contact the listing agent, Craig Fuller, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Chicago O'Hare International Airport (ORD) 32
    Chicago Rockford International Airport (RFD) 44
    General Mitchell International Airport (MKE) 45
    Price
    $7,290,000
    Listing Agent
    Listing Co-Agent
    Craig Fuller - CRE Agent at Marcus & Millichap

    Bryan Baetjer

    Independent Agent
    Listing Co-Agent
    Craig Fuller - CRE Agent at Marcus & Millichap

    Scott Wiles

    Independent Agent
    More listings from Craig Fuller
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