1902 Sheridan Rd Peoria, IL 61604

This exceptional investment opportunity presents a 12,163-square-foot, single-tenant net-leased medical office building located at 1902 N Sheridan Rd, Peoria, IL 61604. The property, built in 2016 on a 1.15-acre lot, is 100% occupied by Talecris Plasma Resources, a subsidiary of Grifols (NASDAQ: GRFS), a global healthcare leader. The current lease, commencing December 1, 2002, and expiring October 31, 2027, offers a remaining term of approximately 2.9 years, with three 5-year renewal options and 2.5% annual rent bumps. The property boasts a strong NOI of $269,707 and an attractive 8.25% cap rate, making it an ideal addition to any portfolio. Strategically situated near Interstate 74 (47,300 VPD), the building benefits from high visibility and convenient access. Its proximity to two major hospitals (OSF St. Francis Medical Center and Carle Health Methodist Hospital), Bradley University, and Peoria High School ensures a stable and growing population base. The surrounding area boasts an average household income of $78,582 within a five-mile radius, encompassing over 125,500 residents. This e-commerce resistant, essential business offers a compelling investment opportunity with a long history of successful operation and multiple lease extensions, demonstrating the tenant's strong commitment to the location. The asking price is $3,269,185.