710 High Point Ln - Service FOR SALE


East Peoria, IL 61611
$700,000 USD
248-497-0543
710 High Point Ln, East Peoria, IL for Sale
$700,000 USD
Service - FOR SALE
1/3
null | 5.69% Cap Rate

710 High Point Ln
East Peoria, IL 61611


HIGHLIGHTS

  • Logistics-Driven Tenant Demand Fundamentals
  • Functional Site with Scalable Utility
  • Corporate Lease Structure
  • High Barrier-to-Entry Industrial Outdoor Storage Use
  • Strategic Transportation Location
  • Essential Use Supporting Supply Chain

OVERVIEW

Long-Term Tenant Occupancy - Penske has operated at this location since 2006 showing strong commitment to the location. They have exercised 3 options with no objections to rental increases or lease renegotiation. Attractive Price Point with Stable Income. Offered at $700,000 with a 5.68% cap rate, providing accessible entry into a corporate net lease investment. Built-In Rental Growth - Lease features rental increases (approximately 9%+ at option), supporting long-term income appreciation.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$187 USD /SF

CAP RATE

5.69%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.58

LAND SF

199,679

ZONING

-

APN/PARCEL ID

05-05-04-400-004

ASK ABOUT THIS PROPERTY

Divon ShammamiAPEX Commercial Real Estate AdvisorsMore Info
248-497-0543

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Divon ShammamiAPEX Commercial Real Estate AdvisorsMore Info
248-497-0543

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