Property DescriptionThree-tenant retail center for sale in Peoria, IL. The 10,260 sq ft property fronts Big Hollow Road, Glen Hollow and War Memorial Drive. Fully leased to a roster of corporate tenants that includes Aspen Dental, Vitamin Shoppe and All About Eyes, all in like-size retail bays and all three leases feature multiple upcoming renewal options with attractive rental increases in each. The newly constructed Asset features 15 years of primary lease term remaining, contractual rent growth at 10% every 5 years, and zero landlord obligations. It is in close proximity to Target, Lowe's, Best Buy and PetSmart, along with many other popular retailers and restaurants, and just one mile from Northwoods Mall and I-75. Peoria is the largest city outside of the Chicago MSA, benefitting from a diverse range of industries and a large concentration of higher education institutions.
- Fee simple interest
- Newly-constructed center features three NN leases with 15 years of primary lease term remaining
- Contractual rent growth at 10% every five years
- Zero landlord obligations
- Opportunity to invest in a fully-leased retail location with exceptional tenant strength and premium retail location