Prime Investment Opportunity with Versatile Leasing Options! Located at 8917 N Allen Rd in Peoria, IL, this 11,431 sq. ft. commercial plaza offers a strong tenant mix, featuring a major retail wireless company (AT&T), VIP Vapes, and a Covid Testing Center, securing consistent rental income. Additionally, the plaza includes a vacant tenant space equipped with a drive-thru, ideal for businesses seeking drive-thru capability to enhance convenience and customer flow. Positioned near Walmart, this high-visibility location enjoys excellent traffic and accessibility. With close proximity to major highways and various popular amenities, this property is perfectly suited for investors looking to add a flexible, income-generating asset in one of Peoria’s most dynamic commercial areas. Don’t miss this chance to invest in a well-situated property with strong growth potential!
Investment Highlights:
• Diverse Tenant Mix with National and Specialty Tenants: Secure investment opportunity featuring a strong mix of tenants, including a prominent national tenant alongside VIP and Free Covid Testing Center, ensuring stable cash flow with potential for additional growth.
• Unmatched Commercial Location: Ideally located in a dynamic, high-traffic commercial corridor with exceptional visibility and direct access, positioned on a prime outparcel along major arterial roads—perfect for attracting consistent customer flow and maximizing exposure.
• Proximity to Key Attractions: Close to popular destinations like The Shoppes at Grand Prairie, Walmart Supercenter, WeaverRidge Golf Club, and Peoria Civic Center, maximizing exposure and foot traffic.
• Attractive Demographics:
o Population: Dense suburban area, providing a steady customer base.
o Income: Above-average household incomes indicate strong purchasing power.
o Diverse Age Mix: Suitable for businesses catering to professionals, families, and middle-aged demographics, supporting a range of services and retail.
Executive Summary:
o Strong Occupancy with National and Specialty Tenants: Currently 60% leased to reputable tenants, providing a solid foundation of rental income.
o AT&T: A prime authorized retailer with a strong and established customer base.
o Other Tenants Include: VIP Vapes (specialty retail) and Apex Health (Covid-19 testing), adding to the diverse tenant mix and ensuring steady traffic to the property.