421 E Il Route 173 - Medical FOR SALE


Antioch, IL 60002
$1,893,000 USD
980-498-3293
421 E Il Route 173, Antioch, IL for Sale
$1,893,000 USD
Medical - FOR SALE
1/3
null | 7% Cap Rate

421 E Il Route 173
Antioch, IL 60002


HIGHLIGHTS

  • NATION’S LARGEST DENTAL SUPPORT ORGANIZATION
  • INDUSTRY-LEADING SCALE & MARKET POSITION
  • LAKE COUNTY, IL - AFFLUENT CHICAGO-AREA SUBURB
  • 100,000-PERSON CROSS-BORDER TRADE AREA
  • PREMIER ROUTE 173 COMMERCIAL CORRIDOR
  • CHICAGO-MILWAUKEE CONNECTIVITY

OVERVIEW

Atlantic Capital Partners has been exclusively engaged to offer for sale Heartland Dental, a 4,129-square-foot net-leased medical asset located at 421 East Illinois Route 173 in Antioch, Illinois. The property is leased to Heartland Dental, LLC, the nation’s largest dental support organization, under a corporate-guaranteed NN lease with approximately 6.1 years of remaining primary term. The lease features attractive 10% rental increases every five years throughout the primary term and renewal options, providing investors with contractual income growth and long-term cash flow visibility. Constructed in 2007 as a purpose-built dental facility, the property occupies a highly visible signalized corner position along Illinois Route 173, Antioch’s premier commercial corridor. The asset benefits from strong surrounding retail fundamentals, including nearby Walmart Supercenter, Aldi, Culver’s, Jersey Mike’s, Arby’s, Chase Bank, Menards, O’Reilly Auto Parts, and numerous national retailers that drive consistent consumer traffic to the corridor. Located in northern Lake County near the Illinois-Wisconsin border, Antioch serves as a major retail and service hub for a cross-border trade area encompassing approximately 100,000 residents. Positioned roughly midway between Chicago and Milwaukee, the community benefits from affluent demographics, median household incomes exceeding $130,000, strong commuter connectivity, and ongoing residential and commercial development. Heartland Dental offers investors the opportunity to acquire a well-located healthcare asset leased to an industry-leading operator in one of the Chicago metropolitan area’s most stable and affluent suburban markets.

FOR SALE DETAILS

PRICE

$1,893,000 USD

PRICE/SF

$536 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental - Antioch, IL

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,346 SF

ZONING

-

APN/PARCEL ID

02-16-201-003

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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