For Sale
$1,565,000

503 7Th St Wyoming, IL 61491

High-yield, 10-year net lease, Peoria MSA

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a brand-new, 10,500 square foot Dollar Tree/Family Dollar dual-concept store located in Wyoming, Illinois, within the Peoria MSA. Built in 2023, this property boasts upgraded construction featuring EIFS and stone, situated on a 1.595-acre lot at a hard corner location along Illinois Route 91. Benefiting from a long-term lease with approximately 9.3 years remaining, this investment offers a strong 8.05% cap rate and substantial NOI. The tenant, a credit-rated, investment-grade company, provides exceptional security. The property strategically out-positions a nearby competitor and enjoys proximity to a popular state park. Four 5-year lease options with $.50/SF rent bumps ensure future income growth. This is a compelling opportunity for a 1031 exchange.

Highlights

  • Peoria MSA location, approx. 400,000 population.
  • 10-year remaining lease term.
  • 2023-built, 10,500 SF Dollar Tree/Family Dollar.
  • Hard corner location on IL Route 91.
  • Upgraded construction with EIFS & stone façade.
  • Out-positions older competitor.

Property Details for 503 7Th St

Property type
Retail properties, Retail space
Square Feet
10,500 SF
Year Built
2023
Lot Size (sq. ft)
69,478 SF

Location Insight

City
Wyoming
County
Stark
State
Illinois
Latitude
41.057119608238
Longitude
-89.773063894699
503 7Th St, Wyoming, Illinois

FAQs

What type of property is this?
Retail property - High-yield, 10-year net lease, Peoria MSA
Where is the retail property located?
The property is located at 503 7Th St Wyoming, IL.
What is the asking price?
The asking price for this property is $1,565,000.
What are key features of this property?
This property features: Peoria MSA location, approx. 400,000 population.; 10-year remaining lease term.; 2023-built, 10,500 SF Dollar Tree/Family Dollar.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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503 7Th St
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