Sale Retail
710 High Point Ln, East Peoria, IL 61611
- $700K
- 3,750 SF building
- 5 ac
Discover the vibrant retail scene surrounding this prime location in East Peoria, IL. Situated in a bustling commercial hub, the area offers proximity to notable attractions such as the Levee District, home to a variety of popular retail and dining establishments. With its convenient access to major roadways and its position within a dynamic commercial landscape, the area presents an enticing opportunity for retail investors. Future tenants will benefit from the high visibility and strong consumer traffic in the vicinity, making it an attractive choice for retail or street retail businesses looking to establish a prominent presence in this thriving community. Absolute NNN Lease – Zero Landlord Responsibilities.Long-Term Tenant Occupancy - Penske has operated at this location since 2006 showing strong commitment to the location. They have exercised 3 options with no objections to rental increases or lease re-negotiation.National Credit Tenant – Penske Truck Leasing. Industry-leading logistics and fleet management company with 1,000+ locations nationwide and strong corporate backing.Essential Use Supporting Supply Chain Infrastructure Mission-critical location for truck leasing, maintenance, and logistics, benefiting from continued growth in e-commerce and distribution demand.Attractive Price Point with Stable Income. Offered at $700,000 with a 5.68% cap rate, providing accessible entry into a corporate net lease investment.Built-In Rental Growth - Lease features rental increases (approximately 9%+ at option), supporting long-term income appreciation.Strategic Transportation Location - Positioned near major highway infrastructure (I-74 corridor) serving the greater Peoria logistics and industrial market.High Barrier-to-Entry Industrial Outdoor Storage Use - 4.58-acre site with specialized improvements for fleet operations, limiting tenant relocation and enhancing long-term tenancy.Corporate Lease Structure - Backed by Penske corporate guarantee, offering stability compared to franchisee or operator-backed deals.Functional Site with Scalable Utility - Includes 3,750 SF building on 4.58 acres, ideal for truck parking, servicing, and logistics operations.Logistics-Driven Tenant Demand Fundamentals - Demand supported by transportation, distribution, and industrial users, a sector that continues to outperform traditional retail.
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