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7310 N Villa Lake Dr
Peoria, IL 61614
Office Property For Sale
Investment Highlights
- Annual Rent Escalations The stabilized tenant (Willow Knolls Family Dental) features 2.50% annual rent escalations throughout the remaining 7 years
- Heartland Dental is responsible for operating expenses including the HVAC, parking lot, landscaping, insurance, taxes, and utilities
- The subject property is located in a densely populated area with 75,000+ residents within a 3-mile radius and 135,292 within 5 miles.
- all renewal option periods, providing for predictable income growth and inflation protection. Minimal Landlord Responsibilities.
- Heartland Dental is the industry leader supporting 2,800+ dentists and 20,000+ team members nationwide.
- The 1,300 SF unoccupied Suite A (18.9% of total building area) presents immediate upside potential for additional income.
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
3,780 SF
Building Class
B
Year Built
2007
Percent Leased
83%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,780 SF
Building FAR
0.09
Lot Size
0.98 AC
Property Taxes
| Parcel Number | 14-07-151-007 | Improvements Assessment | $248,810 |
| Land Assessment | $67,910 | Total Assessment | $316,720 |
Property Taxes
Parcel Number
14-07-151-007
Land Assessment
$67,910
Improvements Assessment
$248,810
Total Assessment
$316,720
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