Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant Sherwin Williams located at 518 E War Memorial Drive in Peoria, IL (the "Property").? Sherwin Williams has been at this location since 2007, executing multiple lease extensions; most recently, they executed a new, long-term, 12-year lease extension further demonstrating their commitment to the site and market.? The current lease term runs through September 2038 followed by three (3) 5-year options.? The lease features a 10% rent increase in 2031, followed by a 5% rent increase in 2036, with 10% rent increases at the start of each option period.? The Property also includes 519, 521 and 523 E Paris Avenue (the parking lot behind Sherwin Williams).?
Sherwin Williams is well located along E War Memorial Drive, one of Peoria's primary commercial and commuter corridors, providing convenient access to surrounding residential neighborhoods and the broader Peoria market.? The Property benefits from strong exposure along a well-traveled roadway and is positioned within an established retail and service corridor.? Sherwin Williams is surrounded by a mix of national and local retailers, restaurants, home improvement providers, and other daily-needs amenities, which help drive consistent traffic to the immediate area.?