4820 N University St 1,982 SF Retail Building Peoria, IL 61614 $2,245,000 ($1,132.69/SF) 6% Cap Rate

ParaSell Inc., as exclusive advisor to Seller, is pleased to present the opportunity to acquire a trophy-quality single-tenant net leased Starbucks drive-thru located in Peoria, Illinois. The property is secured by a corporate lease from investment grade rated Starbucks Corporation (S&P: BBB+), the world’s largest coffeehouse chain and one of the most recognizable consumer brands globally.
Starbucks has operated continuously at this location since 2005, initially executing a 10-year lease and subsequently exercising three 5-year renewal options, demonstrating the Tenant’s long term historical occupancy to the site for over 20 years. Notably, Starbucks recently exercised a 5-year renewal option through 2031, in addition to adding another 4, 5-year renewal options, highlighting the Tenant’s strategic commitment to the site, offering investors the opportunity for long-term stable income backed by one of the strongest credit profiles in the quick-service restaurant sector.
The Property is strategically located as a prominent outparcel to a Schnucks grocery anchored retail center at the signalized intersection of University Street and Glen Avenue, one of Peoria’s most heavily trafficked intersections, carrying a combined ±41,000 vehicles per day. The intersection serves as a critical node, connecting two major Peoria thoroughfares, providing exceptional visibility, direct ingress and egress, and superior daily consumer and commuter traffic to the property.
The property further benefits from its immediate proximity to a strong lineup of nationally recognized retailers at the intersection, including Chili’s, Qdoba, McAlister’s Deli, Noodles & Company, T-Mobile, Culver’s, and Wingstop in addition to a diverse mix of national and regional tenants at the adjacent 193,000 SF Metro Centre regional shopping center. This exceptional mix of complementary retail drives consistent consumer traffic throughout the day, making it a primary retail node within the surrounding area.
Located approximately 165 miles southwest of Chicago, Peoria serves as a key commercial and healthcare hub for Central Illinois with strong connectivity to the Chicago metropolitan area. Anchored by advanced manufacturing, healthcare, and agricultural research, along with a longstanding presence from Caterpillar, the city benefits from a diversified and resilient economic base, adding to the underlying fundamentals of the property and general retail market.