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- LoopNet Team
4383 Venture Dr
Peru, IL 61354
IHOP · Retail Property For Sale
Property Facts
Amenities
- Pylon Sign
About 4383 VENTURE DR , PERU, IL 61354
Savills Inc., as the exclusive advisor to the seller, is pleased to present the absolute net lease investment opportunity in the fee simple interest of an IHOP restaurant located at 4383 Venture Drive in Peru, Illinois. The Property is subject to a twenty-five (25) year NNN Lease that commenced in December of 2019 with ten percent (10%) rental increases every five (5) years beginning in year 10 and at each of the four (4) 5-year Options to Extend. The property is offered at $1,656,169, which is a 5.75% cap rate on annual rents of $95,230. Primary access to the Subject Property is provided by Venture Drive, which is an arterial road off of County Road 251. Interstate 80, which travels east and west connecting Chicago with Des Moines and Iowa City, Iowa and generates traffic counts of ±25,000 vehicles per day, is approximately 0.12 miles south of the Subject Property. The Peru Mall, which contains 72 stores throughout its ±460,678 SF GLA, is approximately 0.5 miles to the Subject Property's southwest.
Property Taxes
| Parcel Number | 17-05-207001 | Improvements Assessment | $120,663 |
| Land Assessment | $119,267 | Total Assessment | $239,930 |
Property Taxes
