322 Il Rte 173 Antioch, IL 60002-1835
Property profile & analytics
322 Il Rte 173 Antioch, IL 60002-1835
- Turn key restaurants
- 2,201 SF
- 0.99 lot acres
Property ID
US28-1787274
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Pizza Hut Express / Restaurant
- Taco Bell / Restaurant / Take-out & Catering
Property Details for 322 Il Rte 173
- Year built
- 1990
- Construction
- BRICK
- Lot size
- 0.99 lot acres
- Property size
- 2,201 SF
- Property type
- Turn key restaurants
- APN
- 02-17-101-063
- APU
- 217101063
Description
This exceptional investment opportunity presents a fee-simple ownership of a Taco Bell restaurant located at 322 W Il Rte 173, Antioch, IL 60002. The property, built in 1990, encompasses 2,201 square feet on a 0.99-acre lot and boasts a strong 100% occupancy rate. The current absolute NNN lease, with a franchisee tenant, commenced May 1, 2019, and expires December 26, 2035, leaving approximately 11.1 years remaining on the initial term. Four, five-year lease options are included, providing significant long-term stability. The lease features 10% rent bumps every five years, offering protection against inflation. The property generates a substantial NOI of $166,181, resulting in a compelling 5.60% cap rate and a price per square foot of $1,348.26. The asking price is $2,967,518. The location benefits from high visibility on Route 173, a major thoroughfare with combined traffic counts exceeding 24,000 vehicles per day. It's situated near Antioch's downtown historical district and within a thriving retail corridor, surrounded by national brands. The surrounding area demonstrates strong demographics, with an average household income exceeding $107,000 within a five-mile radius and a population of over 54,000 residents. This property is part of the third-largest metropolitan statistical area in the country, the Chicago MSA, with over 9.4 million residents. The lease is guaranteed by AG Bells II, LLC, a large regional operator with a 55-unit guarantee. This is a passive investment opportunity with a proven track record of high sales, significantly above the average unit volume for Taco Bell.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Antioch
- County
- Lake
- State
- Illinois
- Longitude
- -88.0944
- Latitude
- 42.4704
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$26,775
$102,671
$137,396
$240,067
-
$308,044
$412,229
$720,273
