HD Supply (Home Depot Subsidiary) 8700 N Allen Rd 69,758 SF Office Building Peoria, IL 61615 $4,703,000 ($67.42/SF) 9.50% Cap Rate

The Boulder Group, in association with Joseph & Camper, is pleased to exclusively market for sale a single tenant net leased HD Supply (Subsidiary of The Home Depot) property located in Peoria, Illinois. HD Supply has successfully operated at this location since 1999 and has executed multiple lease extensions, most recently in 2025, demonstrating commitment to the site. The property sits on a large 3-acre parcel. As an added bene?t to potential buyers, the lease contains no remaining renewal options, with the tenant currently paying low rent of $7.36 per square foot. Market vacancy in the area is below 5%, according to CoStar, and the asset is being offered at an attractive price of $67 per square foot.
The 69,758-square-foot building bene?ts from a strategic location just off North Allen Road and State Route 6, which carry approximately 20,600 and 24,900 vehicles per day, respectively. The property is situated within a dense industrial corridor anchored by established tenants including Roto-Rooter, Advanced Technology Services, Trigo-SCSI, Brewers Distributing Co., Peoria Production Solutions, U-Haul, Ryder Truck Rental, Community Wholesale Tire, Keling Roo?ng Company, and others. Additionally, several nearby retailers, including Walmart Supercenter, Menards, ALDI, and multiple automotive dealerships (Ford, Chrysler, Dodge, Jeep, and RAM), drive strong daytime traffic to the area. Approximately 171,000 people reside within a 10-mile radius of the property, with households within a 3-mile radius earning an average household income exceeding $135,000.
HD Supply is a leading wholesale distributor of maintenance, repair, and operations (MRO) products in North America, specializing in supplies for multifamily, hospitality, healthcare, institutional, commercial, government, and education facilities. Originally founded in 1974 as Maintenance Warehouse and acquired by The Home Depot in 1997, the company evolved through various acquisitions and ownership changes—including a period as a publicly traded entity after its 2013 IPO—before being reacquired by The Home Depot in December 2020 for approximately $8 billion (following the earlier spin-off of its White Cap construction unit). As a wholly owned subsidiary of The Home Depot, HD Supply operates an extensive network of over 100 distribution centers across the U.S. and Canada, serving more than 250,000 professional customers.