The Boulder Group and Joseph and Camper are pleased to exclusively market for sale a single tenant net leased SC2 Services property positioned in East Peoria, Illinois. SC2 has been in business for over 40 years and recently executed a lease extension through June 2030. The lease features 2% annual rental escalations throughout the extended term and various renewal options. Leased at $3.40/SF, the property’s rent is below market rates for comparable, well-located industrial facilities. Additionally, the property is constructed on over 18 acres of land. At this location, SC2 provides critical warehousing and inventory management for their clients, including Caterpillar. The property is scheduled to get a new commercial roof coating in 2025 for 75% of the roof – this will include a 10-year warranty.
The 302,435-square-foot facility is strategically located near multiple major Caterpillar manufacturing plants, offering a strong logistical advantage. The property is occupied by SC2, the largest contract packaging provider for Caterpillar in downstate Illinois. The asset benefits from its location along the Illinois River and immediate access to Interstate 74, a major transportation artery with traffic counts exceeding 64,000 vehicles per day. East Peoria is a key industrial corridor that is occupied by prominent industrial tenants including Komatsu, ARI Global, United Facilities, and Hagerty Steel & Aluminum. The property sits within a densely populated region, with over 111,000 residents and an average household income exceeding $73,000 within a five-mile radius. The Peoria MSA is home to more than 400,000 residents.
SC2, headquartered in Peoria, Illinois, is a 100% employee-owned third-party logistics and supply chain solutions provider founded in 1983 as Superior Consolidated Industries. Renowned for its commitment to excellence, SC2 offers customized services, including asset recovery, industrial finishing, contract packaging, manufacturing support, and warehousing, serving industries like automotive, construction, and agriculture. With 19 locations nationwide and ISO 9001-2000 certification, SC2 leverages streamlined systems and a dedicated workforce to deliver high-quality, cost-effective solutions, fostering strong partnerships with original equipment manufacturers and tier-one suppliers.