Firestone - McHenry, IL

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Pricing and Location

Price:   $3,728,055

Address:   3624 Diamond Drive, McHenry, IL 60051

Status:   Available

Property Details

CAP Rate: 6.75% Year Built: 2008
Net Rentable Area: 7,575 Price Per Sqft: $492.15
Lot Size (Acres): 1.52 NOI: $251,643.70

Marketing Materials

Property Description

Firestone investment opportunity located at 3624 Diamond Drive in McHenry, Illinois. The subject property is a free-standing, 7,575-square foot, build to suit location that was constructed in 2008. Firestone is currently operating under a double-net (NN) lease with 5.9 years remaining on the base term with four five-year options to renew. Built into the lease are 6.50% rental increases that will provide a hedge against inflation

The asset benefits from being adjacent to Richmond Road, the busiest street in McHenry, with over 24,200 vehicles per day. In addition, the subject property is within the heart of the retail corridor of McHenry. Surrounding retailers include Walmart Supercenter, JC Penny, Best Buy, Old Navy, PetSmart, Bed Bath Beyond, Dick’s Sporting Goods, Dairy Queen, Dunkin Donuts and many more.

Area Map and Street View

What Clients Are Saying                                     

"Lior Regenstreif is a professional broker that achieves real results for his clients. We purchased a transaction from a seller who had not sold a property in many years and wanted the highest price with no hassles. We were the ultimate buyer and Lior got his seller the price he wanted and made the process as smooth as possible."
Brian Fagan, Selective Real Estate Investments

Contact Us

NNN Deal
in association with Marcus & Millichap

16830 Ventura Blvd. Suite 100
Encino, CA 91436

Lior Regenstreif
First Vice President, Investments
Senior Director, National Retail Group
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Rebekah Zweiban Wallack

Senior Research Analyst
Special Projects Coordinator
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Toll Free: 888.NNN.DEAL
Phone: 818.907.9525
Fax: 818.907.8557