1001 Court St - Retail FOR SALE


Pekin, IL 61554
$3,337,500 USD
703-477-1315
1001 Court St, Pekin, IL for Sale
$3,337,500 USD
Retail - FOR SALE
1/20
null | 6.4% Cap Rate

1001 Court St
Pekin, IL 61554


HIGHLIGHTS

  • Part of the larger Schnucks Portfolio (8 Assets in MO & IL) - Seller is encouraging individual and portfolio offers.
  • Located 9 miles south of downtown Peoria, IL.
  • Positioned with excellent access and visibility along Court Street (13,700 VPD), which serves as Pekin's main east-west artery.
  • Immediately adjacent to a DaVita Dialysis and McDonald's and is directly across the street from CVS and AutoZone.
  • Within Pekin's primary retail and commercial corridor with 4.6 MSF of retail, 1.1 MSF of industrial and 2,108 multifamily units within 3-miles.
  • Peoria, IL MSA (MSA Population: 360,543+).

OVERVIEW

The CBRE Net Lease Property Group is pleased to offer for sale the 53,404-square-foot Schnucks grocery store positioned on 4.78 acres in Pekin, IL — part of the Peoria, IL MSA (MSA Population: 360,543+). Schnucks absolute NNN lease has ±11.5 years of term remaining with 5% rent increases every 5 years and in each of the eight, 5-year renewal options. The property is part of the larger Schnucks Portfolio, which consists of eight assets in Missouri and Illinois. The seller is highly encouraging individual and portfolio offers.

FOR SALE DETAILS

PRICE

$3,337,500 USD

PRICE/SF

$56 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Schnucks

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

264

LAND DETAILS

LAND ACRES

4.78 AC

LAND SF

208,217 SF

ZONING

Commercial

APN/PARCEL ID

04-10-02-114-001

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

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