1633 Knoxville Ave Peoria, IL 61603

This exceptional investment opportunity presents a fee simple ownership of a thriving Circle K convenience store and car wash located at 1633 Knoxville Ave, Peoria, IL 61603. The property boasts 2,345 square feet on a 0.43-acre lot within a high-traffic retail corridor, benefiting from proximity to Interstate 74 (59,100 vehicles per day). The property features 17 parking spaces and is zoned CG - General Commercial District. The current tenant, Circle K, is backed by a corporate guarantee, ensuring consistent income. The Absolute NNN lease offers minimal landlord responsibilities, with a current NOI of $190,876 and a 6.00% cap rate. The lease has 7 years remaining, including options to extend for 4 or 5 years, with scheduled rental increases built in. Strong demographics within a 5-mile radius further enhance the investment potential. This is a rare opportunity to acquire a well-performing, low-maintenance retail property with a strong national tenant and significant upside potential. The asking price is $3,181,000. The property's APN is 18-04-178-052. 100% occupancy ensures immediate cash flow.