This property is Off-Market

10613 N. Knoxville Ave
Peoria, IL 61615 ·

14,820 SF · Retail For Sale

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NNN-leased Walgreens store - Peoria, IL

Price N/A Construction Status Under Construction/Proposed
Building Size 14,820 SF Cap Rate 6.40%
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Year Built 2012
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 1.60 AC
Listing ID: 17569950 Date Created: 03/13/2012 Last Updated: 06/18/2012

Description

Jones Lang LaSalle is pleased to present for sale, on behalf of Walgreen Company the fee-simple interest in a brand-new Walgreens (S&P rated A ) store subject to a 20-year lease with expected delivery in June of 2012. The Property is situated along a busy stretch of Knoxville Ave, within an affluent residential area in Peoria, IL.

The Property is situated north of downtown Peoria along Knoxville Ave. The Property is located in an affluent residential area with strong average household income of $90,512 that has experienced rapid growth in recent years. The Property has excellent access to major highways 6 and 17 and is also within a short drive of I-74.

Highlights

  • NNN Leased Single Tenant Walgreens (S&P rated A ) with a brand new 20-year lease; currently under construction with expected delivery in June of 2012
  • New construction will offer investors modern size and layout configuration to meet the changing demands of the Walgreens consumer
  • Ideal commercial location at the center of Peoria' s northern residential growth cell
  • Situated along a busy stretch of Knoxville Ave., the Property benefits from excellent access and visibility with 2 points of egress and ingress
  • Traffic counts of 16,400 vehicles per day

Research

10613 N. Knoxville Ave, Peoria, IL 61615 (Peoria County)

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