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8635 N Industrial Rd
Peoria, IL 61615

$1,675,000 USD

Warehouse For Sale  •  20,000 SF

Property Details

  • Property Type Warehouse
  • Total Building Size 20,000 SF
  • Lot Size 2.6 AC
  • Building Class B
  • Year Built 1960
  • Cap Rate 8.24 %
  • Tenancy Single
29 Transit Score
27 Walk Score

Highlights

Long-Term NNN Lease: Freedom Forever, a national leader in the solar energy industry, is fully committed to the property through October 31, 2028
Annual Rent Increases: The lease includes 3% annual rent escalations, providing built-in income growth for the owner
Minimal Landlord Responsibilities: As a NNN lease, the tenant handles taxes, insurance, maintenance, and utilities.
Strong National Tenant: Freedom Forever operates in over 30 states and generates over $1 billion in annual revenue.
Strategic Location: Situated in Peoria, IL, a pro-business city with excellent infrastructure and connectivity.
Attractive Cap Rate: Offering an 8.24% cap rate Day 1, w/ 3% annual rent increases, delivering a solid return on investment in a growing market.

Property Flyers

Cap Rate: 8.24 %

Major Tenants

Tenant SF Occupied Lease End Date
Freedom Forever 20,000 SF 10/31/2028

Public Transportation

AirportDriveWalkDistance
General Downing - Peoria International 21 min - 13.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 65
Type: Surface
Included in Rent: Yes
Adam Fortino 630-546-4276 Keller Williams Commercial
Adam Fortino 630-546-4276 Keller Williams Commercial