2400 N Richmond Rd - Freestanding FOR SALE


Mchenry, IL 60051
$4,845,000 USD
630-570-2260
2400 N Richmond Rd, Mchenry, IL for Sale
$4,845,000 USD
Freestanding - FOR SALE
1/12
null | 5.25% Cap Rate

2400 N Richmond Rd
Mchenry, IL 60051


HIGHLIGHTS

  • Brand New triple-net 15-Year Lease | BMO Bank N.A. Corporately Guaranteed
  • Relocation Site for BMO Bank - At previous location since 2003 with a very high deposit base of over $102 million
  • Excellent visibility with 217 feet of frontage along State Route 31/Richmond Road – 23,400 VPD
  • Located in the epicenter of McHenry’s regional retail corridor - Outlot to Kohl’s & Aldi Anchored Retail Center
  • Directly across from Meijer with 1.5 million annual visits and The Home Depot with 614,000 annual visits (Placer.ai)

OVERVIEW

This brand-new, 15-year triple-net lease with BMO Bank N.A. is corporately guaranteed and includes built-in rent increases every five years, along with six five-year renewal options. The bank is relocating from a nearby strip center where they had 22 years of operating history and over $100 million deposits. This is a high-visibility site with 217 feet of frontage on State Route 31/Richmond Road, which sees 23,400 vehicles per day. The modern branch design includes two drive-thru banking lanes and one drive-thru ATM lane, enhancing customer convenience and operational efficiency. Situated as an outlot to a Kohl’s and Aldi-anchored center, the location benefits from strong foot traffic driven by national co-tenants like Five Below, Michael’s, Petco, and Bath & Body Works, and is directly across from Meijer and The Home Depot, which generate over 2 million combined annual visits. The property is located in McHenry County, which offers a tax advantage over neighboring Cook County and is surrounded by affluent demographics with over 31,000 residents within three miles and an average household income of $114,577 within five miles.

FOR SALE DETAILS

PRICE

$4,845,000 USD

PRICE/SF

$992 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BMO Harris Bank | New NNN 15-Yr Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

-

APN/PARCEL ID

09-23-452-001

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.