8412 N Knoxville Ave - Freestanding FOR SALE


Peoria, IL 61615- North Peoria
$1,650,000 USD
847-287-0616
8412 N Knoxville Ave, Peoria, IL for Sale
$1,650,000 USD
Freestanding - FOR SALE
1/3
null | 6.97% Cap Rate

8412 N Knoxville Ave
Peoria, IL 61615
North Peoria


HIGHLIGHTS

  • Advance Auto Parts, Inc. (NYSE: AAP) is one of the largest automotive aftermarket parts providers in the United States
  • Advance Auto Parts has been a Fortune 500 company for over 20 years, generating over $8.6 billion in revenue in 2025
  • Advance Auto Parts has 4.75 years remaining on their current lease with three 5-year options remaining
  • Tenant is on a NN lease, reducing the financial responsibilities of the landlord and stabilizing cash flow
  • The asset is located on the northeast corner of the intersection of Knoxville Ave and W Altorfer Ln in Peoria, with an AADT of 20,400
  • The property is in Peoria County, which is regarded as the economic and healthcare hub of Central Illinois

OVERVIEW

RIPCO Real Estate is pleased to offer for sale 8412 Knoxville Ave, a 6,889 SF commercial property located on the northeast corner of the intersection of Knoxville Ave and W Altorfer Lane in Peoria, IL. The property is leased to Advance Auto Parts on a NN basis and operates as a convenience-focused automotive retail business that supplies parts, batteries, fluids, and basic care products to a steady base of local and repeat customers. Advance Auto Parts, Inc. (NYSE: AAP) is one of the largest automotive aftermarket parts providers in the United States, operating more than 4,300 company locations across the country. Advance Auto Parts has occupied the property since 2016 with five years remaining on the current term. This stretch of Knoxville Ave where the property is located has an AADT of 20,400. Within 3 miles of 8412 Knoxville Ave, there is a population of 32,421 and an average household income of $127,452. The asset would be an attractive opportunity for investors looking for minimal landlord responsibilities, occupied by a strong national tenant with dedication to the location, and located on Knoxville Ave, a primary north-south arterial road in Peoria.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$240 USD /SF

CAP RATE

6.97%

% 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

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,905 SF

ZONING

C1

APN/PARCEL ID

14-04-301-024

ASK ABOUT THIS PROPERTY

Ryan LundgrenRIPCO Real EstateMore Info
847-287-0616

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Ryan LundgrenRIPCO Real EstateMore Info
847-287-0616

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