505 N Western Ave
Peoria, IL 61604
West Peoria
HIGHLIGHTS
- Advance Auto signed a brand new 15-year lease in 2020, confirming their commitment to the location and market
- RARE Absolute NNN lease for Advance Auto Parts
- Attractive 10% rent increase in 2028 (cap rate increase to 7.70%, assuming a purchase at list price)
- ±7.50-Years remaining on the base term of an initial 15-year lease
- ±17,400 Vehicles daily in front of the store along Western Avenue
- 5-Mile population of ±118,546 residents
FOR SALE DETAILS
PRICE
$848,660 USD
PRICE/SF
$118 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Advance Auto Parts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1995
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
0.8 AC
LAND SF
34,846 SF
ZONING
C
APN/PARCEL ID
18-07-232-008,18-07-232-009
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214-692-2289
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214-692-2289
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