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Concentra Strip 3035-3043 Belvidere Rd 12,972 SF 100% Leased Retail Building Waukegan, IL 60085 $4,117,150 CAD ($317.39 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% occupied inline strip building with long-term leases signed featuring annual rental increases
- Endcap drive-thru
- Anchored by Concentra – the largest provider of occupational health services in the country by number of locations
- Recently renovated in 2024 which included roof replacement on 40% of the leasable area
- Low price per foot – $206
- Affluent demographics – $103,000 average household incomes within a 1-mile radius of the subject property
EXECUTIVE SUMMARY
100% occupied inline strip with long-term leases in place featuring annual rental increases. Subject property underwent a full-scale renovation/upgrade in 2024 which included roof replacement on 40% of the leasable area. The building is anchored by Concentra – the largest provider of occupational health services in the country by number of locations.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,972 SF
Building Class
B
Year Built/Renovated
2005/2024
Price
$4,117,150 CAD
Price Per SF
$317.39 CAD
Cap Rate
7%
NOI
$288,216 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.35 AC
Opportunity Zone
Yes
Zoning
B-3 - Business
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 08-30-305-001 | Improvements Assessment | $328,910 CAD |
| Land Assessment | $191,170 CAD | Total Assessment | $520,080 CAD |
PROPERTY TAXES
Parcel Number
08-30-305-001
Land Assessment
$191,170 CAD
Improvements Assessment
$328,910 CAD
Total Assessment
$520,080 CAD
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Presented by
CPP CRE ILLINOIS, LLC
Concentra Strip | 3035-3043 Belvidere Rd
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