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Shopping Strip

Depot Street Station

311 Depot St, Antioch, IL 60002

Listing Price: $2,000,000

Cap Rate
10.52%
Gross SF
28,690
Rentable SF
28,690
Price/Gross SF
$69.71
Lot Size
1.80 acres
Year Built
2003

Investment Overview

Marcus & Millichap is pleased to exclusively represent Depot Street Station, a Fresenius-anchored medical office retail center along with a 5,000-square-foot warehouse. Located steps away from the Antioch Metra line in downtown Antioch, Depot Street Station is 95.9 percent leased to a complementary group of tenants. A new owner can create value by leasing up one vacant space, backfilling Klub Power Keg, who's rent is way below market, and converting the warehouse space to NNN. Eight of the nine leases have two percent annual increases, offering a solid hedge against inflation. Fresenius recently extended their lease for two additional years.

Investment Highlights

  • Low Replaceable Rents
  • Favorable Lake County Property Taxes
  • 95% Occupied Center With Long Term Tenants In Place
  • Favorable Mix of Medical Oriented Destination Tenants
  • Leasing Upside
  • Property Zoned Industrial Which Ensures Taxes will Remain Lower then other Retail Properties

Exclusively Listed By

Shopping Strip

Depot Street Station

Listing Price: $2,000,000

Cap Rate
10.52%
Gross SF
28,690
Rentable SF
28,690
Price/Gross SF
$69.71
Lot Size
1.80 acres
Year Built
2003

Investment Highlights

  • Low Replaceable Rents
  • Favorable Lake County Property Taxes
  • 95% Occupied Center With Long Term Tenants In Place
  • Favorable Mix of Medical Oriented Destination Tenants
  • Leasing Upside
  • Property Zoned Industrial Which Ensures Taxes will Remain Lower then other Retail Properties

Investment Overview

Marcus & Millichap is pleased to exclusively represent Depot Street Station, a Fresenius-anchored medical office retail center along with a 5,000-square-foot warehouse. Located steps away from the Antioch Metra line in downtown Antioch, Depot Street Station is 95.9 percent leased to a complementary group of tenants. A new owner can create value by leasing up one vacant space, backfilling Klub Power Keg, who's rent is way below market, and converting the warehouse space to NNN. Eight of the nine leases have two percent annual increases, offering a solid hedge against inflation. Fresenius recently extended their lease for two additional years.

Exclusively Listed By

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