3605 Parish Ave Peoria, IL 61604

This exceptional investment opportunity presents a fully leased, 23,454 square foot industrial distribution/flex building in Peoria, Illinois. The property, located at 3605 N Parish Avenue, boasts a strong Net Operating Income (NOI) of $156,876, resulting from a 100% occupancy rate under a triple net (NNN) lease with Red Bull. The lease is a five-year term with two five-year renewal options, providing long-term stability and minimal landlord responsibilities. The building features two loading docks, two overhead doors, and ample concrete parking. Situated on a 3.05-acre lot, the property also includes adjacent land zoned for potential future development, offering significant upside for the savvy investor. The strategic location along War Memorial Drive (US Rt. 150) provides easy access to I-74, serving a substantial population within a three-mile radius with a high average household income. The asking price is $2,850,000, representing a price per square foot of $121.51. This is a rare opportunity to acquire a high-performing, net-leased industrial property with significant growth potential.