515-525 E Il Route 173
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515-525 E Il Route 173
7,026 SF 100% Leased Retail Building Antioch, IL 60002 £2,248,650 (£320/SF) 6.25% Net Initial Yield
Executive Summary
Transwestern is pleased to exclusively offer for sale a 7,026-square-foot, retail property, located on pad site to Walmart
and Menard’s anchored shopping center, at 515 IL Route 173, Antioch, IL, 60002. This two-tenant center is occupied by
Sherwin-Williams and Mattress Firm on long-term leases. Both Sherwin-Williams and Mattress Firm have each exercised
tenant extension options from their original primary lease terms solidifying their long-term commitment to the location.
Both tenants have more than five years remaining on their current lease terms, and both have additional extension
options on their respective leases.
The property is comprised of two suites totaling approximately 7,026 square feet of building, and originally constructed
in 2006 and renovated in 2014. The building is situated at the northwest corner of Illinois Route 173 and Deep Lake Road
(State Road 36) on approximately 0.95 acres of land. This intersection has a combined traffic count of 25,000 vehicles per
day and has grown into a strong retail corridor for the those that live in Antioch and surrounding communities. There are
over 56,000 people living within a five-mile radius, with and average household income over $129,000. Other tenants in the
area include ALDI, Starbucks, AT&T, Culver’s, Chase, Popeye’s, Arby’s, O’Reilly Auto Parts, Jersey Mike’s Subs, Car X Tire and
Auto, and Jimmy Johns.
and Menard’s anchored shopping center, at 515 IL Route 173, Antioch, IL, 60002. This two-tenant center is occupied by
Sherwin-Williams and Mattress Firm on long-term leases. Both Sherwin-Williams and Mattress Firm have each exercised
tenant extension options from their original primary lease terms solidifying their long-term commitment to the location.
Both tenants have more than five years remaining on their current lease terms, and both have additional extension
options on their respective leases.
The property is comprised of two suites totaling approximately 7,026 square feet of building, and originally constructed
in 2006 and renovated in 2014. The building is situated at the northwest corner of Illinois Route 173 and Deep Lake Road
(State Road 36) on approximately 0.95 acres of land. This intersection has a combined traffic count of 25,000 vehicles per
day and has grown into a strong retail corridor for the those that live in Antioch and surrounding communities. There are
over 56,000 people living within a five-mile radius, with and average household income over $129,000. Other tenants in the
area include ALDI, Starbucks, AT&T, Culver’s, Chase, Popeye’s, Arby’s, O’Reilly Auto Parts, Jersey Mike’s Subs, Car X Tire and
Auto, and Jimmy Johns.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,026 SF
Building Class
B
Year Built
2006
Price
£2,248,650
Price Per SF
£320
Net Initial Yield
6.25%
NOI
£140,616
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.17
Land Acres
0.95 AC
Zoning
B-2
Parking
35 Spaces (8.33 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Signalised Intersection
- Drive Thru
PROPERTY TAXES
Parcel Number | 02-16-200-034 | Improvements Assessment | £161,494 |
Land Assessment | £140,137 | Total Assessment | £301,631 |
PROPERTY TAXES
Parcel Number
02-16-200-034
Land Assessment
£140,137
Improvements Assessment
£161,494
Total Assessment
£301,631
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515-525 E Il Route 173
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