8635 Industrial RdPeoria, IL 61615
For Sale
$1,675,000
20,000 SF Warehouse, 8.24% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 125
Highlights
- Long-term NNN lease with Freedom Forever, a national solar energy leader, expiring October 31, 2028.
- Lease includes 3% annual rent increases.
- NNN lease structure minimizes landlord responsibilities to roof and structural repairs; tenant covers taxes, insurance, maintenance, and utilities.
- Strong national tenant (Freedom Forever) with over $1 billion in annual revenue.
- Strategically located in Peoria, IL, a pro-business city with excellent infrastructure.
- 8.0% cap rate offering a solid ROI.
Property Details for 8635 Industrial Rd
- Property type
- Warehouses, Industrial properties
- Square Feet
- 20,000 SF
- Year Built
- 1960
- Buildings
- 1
- Lot Size (sq. ft)
- 113,256 SF
- Units
- 1
Location Insight
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Latitude
- 40.79346897
- Longitude
- -89.62714819
8635 Industrial Rd, Peoria, Illinois
Nearby Similar for Sale
FAQs
- What type of property is this?
- Warehouse - 20,000 SF Warehouse, 8.24% Cap Rate
- Where is the warehouse located?
- The property is located at 8635 Industrial Rd Peoria, IL.
- What is the asking price?
- The asking price for this property is $1,675,000.
- What are key features of this property?
- This property features: Long-term NNN lease with Freedom Forever, a national solar energy leader, expiring October 31, 2028.; Lease includes 3% annual rent increases.; NNN lease structure minimizes landlord responsibilities to roof and structural repairs; tenant covers taxes, insurance, maintenance, and utilities.
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