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Shopping Strip

Add Value Walmart & Menards Outparcel

417 IL-173, Antioch, IL 60002

Listing Price: $4,515,000

Cap Rate
7.50%
Gross SF
21,723
Rentable SF
21,723
Price/Gross SF
$207.84
Lot Size
3.34 acres
Year Built
2004

Investment Overview

Marcus & Millichap is pleased to exclusively offer a med-tail center that is an outlot adjacent to Menards and Walmart Supercenter, and offers significant upside potential. There's an opportunity to enhance value by leasing the remaining 4,170 vacant square feet across three suites. The tenant mix is robust, featuring a blend of national brands and service-based retailers such as Doctors of Physical Therapy, T-Mobile, Great Clips, and L.A. Tan. Notably, Walmart had 1.6 million visits in the past year, while Menards saw over 511,000, according to Placer.ai data.

Lease terms are attractive, including tenant rent increases and nearly all tenants operating on net leases. Seven tenants have scheduled rental increases ranging from 1 percent to 12 percent. The property's prime location is accessible from a signalized intersection with a daily traffic count of 16,625 vehicles. Nearby tenants include Culvers, Chase, O’Reilly Auto Parts, Popeyes, Arby’s, Jersey Mikes, Aldi, and Starbucks, among others. The location is also convenient to Antioch’s Metra Train Station and Antioch Community High School.

Surrounding demographics are affluent, with 49,356 residents within five miles, 5,388 workers within one mile, and an average household income of $114,628 within one mile. Additionally, the area is a highly frequented tourist destination due to its proximity to numerous lakes, including the "Chain O’ Lakes," boasting Illinois’ largest concentration of natural lakes with 6,500 acres of water and 488 miles of shoreline.

Investment Highlights

  • 81 Percent Occupied Med-Tail Center | Outlot to Menards and Walmart Supercenter with Upside Potential
  • Ability to Add Value by Leasing the Remaining 4,170 Vacant Square Feet | Three Suites
  • Seven Tenants have Scheduled Rental Increases Ranging from 1 Percent to 12 Percent
  • Nearly All Tenants Operate on Net Leases
  • Average Household Income of $114,628 Within One Mile
  • Prime Location | Accessible from the Signalized Intersection with 16,625 Vehicles Passing Daily

Exclusively Listed By

Financing By

Shopping Strip

Add Value Walmart & Menards Outparcel

Listing Price: $4,515,000

Cap Rate
7.50%
Gross SF
21,723
Rentable SF
21,723
Price/Gross SF
$207.84
Lot Size
3.34 acres
Year Built
2004

Investment Highlights

  • 81 Percent Occupied Med-Tail Center | Outlot to Menards and Walmart Supercenter with Upside Potential
  • Ability to Add Value by Leasing the Remaining 4,170 Vacant Square Feet | Three Suites
  • Seven Tenants have Scheduled Rental Increases Ranging from 1 Percent to 12 Percent
  • Nearly All Tenants Operate on Net Leases
  • Average Household Income of $114,628 Within One Mile
  • Prime Location | Accessible from the Signalized Intersection with 16,625 Vehicles Passing Daily

Investment Overview

Marcus & Millichap is pleased to exclusively offer a med-tail center that is an outlot adjacent to Menards and Walmart Supercenter, and offers significant upside potential. There's an opportunity to enhance value by leasing the remaining 4,170 vacant square feet across three suites. The tenant mix is robust, featuring a blend of national brands and service-based retailers such as Doctors of Physical Therapy, T-Mobile, Great Clips, and L.A. Tan. Notably, Walmart had 1.6 million visits in the past year, while Menards saw over 511,000, according to Placer.ai data. Lease terms are attractive, including tenant rent increases and nearly all tenants operating on net leases. Seven tenants have scheduled rental increases ranging from 1 percent to 12 percent. The property's prime location is accessible from a signalized intersection with a daily traffic count of 16,625 vehicles. Nearby tenants include Culvers, Chase, O’Reilly Auto Parts, Popeyes, Arby’s, Jersey Mikes, Aldi, and Starbucks, among others. The location is also convenient to Antioch’s Metra Train Station and Antioch Community High School. Surrounding demographics are affluent, with 49,356 residents within five miles, 5,388 workers within one mile, and an average household income of $114,628 within one mile. Additionally, the area is a highly frequented tourist destination due to its proximity to numerous lakes, including the "Chain O’ Lakes," boasting Illinois’ largest concentration of natural lakes with 6,500 acres of water and 488 miles of shoreline.

Exclusively Listed By

Financing By

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