8700 N Allen Rd - Office FOR SALE


Peoria, IL 61615- North Peoria
$4,703,000 USD
847-562-9280
8700 N Allen Rd, Peoria, IL for Sale
$4,703,000 USD
Office - FOR SALE
1/3
null | 9.5% Cap Rate

8700 N Allen Rd
Peoria, IL 61615
North Peoria


HIGHLIGHTS

  • Positioned within the Peoria MSA – Ranked #156 in the United States for population size
  • HD Supply is a wholly owned subsidiary of The Home Depot (S&P: A)
  • Successful operating history since 1999
  • Recent lease extension in 2025 demonstrates commitment to the site
  • Low rent - $7.36/SF and price of $67/SF
  • Located along North Allen Road (20,600 VPD) & within proximity to State Route 6 (24,900 VPD)

OVERVIEW

The Boulder Group, in association with Joseph & Camper, is pleased to exclusively market for sale a single tenant net leased HD Supply (Subsidiary of The Home Depot) property located in Peoria, Illinois. HD Supply has successfully operated at this location since 1999 and has executed multiple lease extensions, most recently in 2025, demonstrating commitment to the site. The property sits on a large 3-acre parcel. As an added bene?t to potential buyers, the lease contains no remaining renewal options, with the tenant currently paying low rent of $7.36 per square foot. Market vacancy in the area is below 5%, according to CoStar, and the asset is being offered at an attractive price of $67 per square foot. The 69,758-square-foot building bene?ts from a strategic location just off North Allen Road and State Route 6, which carry approximately 20,600 and 24,900 vehicles per day, respectively. The property is situated within a dense industrial corridor anchored by established tenants including Roto-Rooter, Advanced Technology Services, Trigo-SCSI, Brewers Distributing Co., Peoria Production Solutions, U-Haul, Ryder Truck Rental, Community Wholesale Tire, Keling Roo?ng Company, and others. Additionally, several nearby retailers, including Walmart Supercenter, Menards, ALDI, and multiple automotive dealerships (Ford, Chrysler, Dodge, Jeep, and RAM), drive strong daytime traffic to the area. Approximately 171,000 people reside within a 10-mile radius of the property, with households within a 3-mile radius earning an average household income exceeding $135,000. HD Supply is a leading wholesale distributor of maintenance, repair, and operations (MRO) products in North America, specializing in supplies for multifamily, hospitality, healthcare, institutional, commercial, government, and education facilities. Originally founded in 1974 as Maintenance Warehouse and acquired by The Home Depot in 1997, the company evolved through various acquisitions and ownership changes—including a period as a publicly traded entity after its 2013 IPO—before being reacquired by The Home Depot in December 2020 for approximately $8 billion (following the earlier spin-off of its White Cap construction unit). As a wholly owned subsidiary of The Home Depot, HD Supply operates an extensive network of over 100 distribution centers across the U.S. and Canada, serving more than 250,000 professional customers.

FOR SALE DETAILS

PRICE

$4,703,000 USD

PRICE/SF

$77 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

HD Supply (Home Depot Subsidiary)

PROPERTY TYPE

Office

ADD'L SUBTYPES

Distribution, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

-

APN/PARCEL ID

14-06-251-024

ASK ABOUT THIS PROPERTY

John FeeneyThe Boulder GroupMore Info
847-562-9280

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John FeeneyThe Boulder GroupMore Info
847-562-9280

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