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3322 W Willow Knolls Rd 5,198 SF Office Building Peoria, IL 61614 $1,350,000 ($259.72/SF) 6.96% Cap Rate
Executive Summary
Invest in a fully leased medical office building with a strong healthcare tenant in place. OSF HealthCare occupies 100% of the property under a triple net (NNN) lease, providing stable and predictable income. The lease has approximately four years remaining, along with an extension option for added long-term security.
In 2021, OSF expanded its presence at the property by renovating and incorporating the adjacent suite, ultimately occupying the entire building. The property benefits from its prime location along Willow Knolls Drive, offering excellent visibility and accessibility within a well-established commercial corridor.
In 2021, OSF expanded its presence at the property by renovating and incorporating the adjacent suite, ultimately occupying the entire building. The property benefits from its prime location along Willow Knolls Drive, offering excellent visibility and accessibility within a well-established commercial corridor.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
5,198 SF
Building Class
B
Year Built/Renovated
2012/2021
Price
$1,350,000
Price Per SF
$259.72
Cap Rate
6.96%
NOI
$93,960
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,198 SF
Building FAR
0.20
Lot Size
0.60 AC
Zoning
Commercial
Parking
35 Spaces (6.73 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
- Reception
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- OSF
- -
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| OSF | - | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $275,580 | |
| Land Assessment | $42,770 | Total Assessment | $318,350 |
Property Taxes
Parcel Numbers
Land Assessment
$42,770
Improvements Assessment
$275,580
Total Assessment
$318,350
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3322 W Willow Knolls Rd
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