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1516 W Garfield Avenue, Peoria, IL

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1516 W Garfield Avenue

Peoria, IL 61607-1755 - Outlying Peoria County Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2006
Building Size:5,088 SF Land Area:.6 AC (25,918 SF)
For Sale Price:$750,000 Price/SF:$147.41
Cap Rate:8.00 %

Sale Notes:
Great investment. 8% cap rate. 100% occupied. Tenant #1 with 7 years remaining on lease. Tenant #2 with 5 years remaining on lease. Built in 2006. Great location on Garfield in front of Presley's Outdoors. NNN Leases. Appraisal in 2013 came in at $750,000.

RE/MAX Traders Unlimited Commercial
James Grube
(309) 687-4903

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