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8635 N Industrial Rd
Peoria, IL 61615
Industrial Property For Sale
Investment Highlights
- Long-Term NNN Lease: Freedom Forever, a national leader in the solar energy industry, is fully committed to the property through October 31, 2028
- Minimal Landlord Responsibilities: As a NNN lease, the tenant handles taxes, insurance, maintenance, and utilities.
- Strategic Location: Situated in Peoria, IL, a pro-business city with excellent infrastructure and connectivity.
- Annual Rent Increases: The lease includes 3% annual rent escalations, providing built-in income growth for the owner
- Strong National Tenant: Freedom Forever operates in over 30 states and generates over $1 billion in annual revenue.
- Attractive Cap Rate: Offering an 8.24% cap rate Day 1, w/ 3% annual rent increases, delivering a solid return on investment in a growing market.
Property Facts
| Property Type | Industrial | Year Built | 1960 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C | Parking Ratio | 3.25/1,000 SF |
| Lot Size | 2.60 AC | Clear Ceiling Height | 20’ |
| Rentable Building Area | 20,000 SF | No. Dock-High Doors/Loading | 2 |
| No. Stories | 1 | No. Drive In / Grade-Level Doors | 4 |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.60 AC |
| Rentable Building Area | 20,000 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Tenancy | Single |
| Parking Ratio | 3.25/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 4 |
Property Taxes
| Parcel Number | 14-06-251-021 | Improvements Assessment | $142,280 |
| Land Assessment | $63,470 | Total Assessment | $205,750 |
Property Taxes
Parcel Number
14-06-251-021
Land Assessment
$63,470
Improvements Assessment
$142,280
Total Assessment
$205,750
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