900 S Main St
East Peoria, IL 61611
Retail Property For Sale

Investment Highlights: Brand New Relocation Store - Tractor Supply relocated to a larger format from an existing site that had been operating since 1958. They signed a brand new 10-year lease with 5, 5-year options showing strong commitment to this new location. The relocation to an existing building helped keep the rent extremely cheap at under $8 PSF! NNN Lease with Rent Increases - The property was completely remodeled in 2018 with a new roof, HVAC system, electrical service, and brand new concrete parking lot. There is a transferable 20-year roof warranty which allows the lease to operate as a pure NNN property. Tractor Supply’s new 10-year lease offers 5% rent increases every 5 years. Infill Location on Major Thoroughfare - Peoria is one of the biggest cities in the state of Illinois and this property benefits from the extremely strong demographics. In the 5-mile radius, there are over 100,000 people with an average income of ±$60,000. The property sits on Main Street (Hwy 24) which boast nearly 25,000 vehicles per day. In addition to being located next to a large casino, the property sits within a mile of the major retail trade area anchored by Costco, Target, Kroger, Walmart, Bass Pro Shops, and Lowe’s. Great Company with Strong Guaranty - Tractor Supply is a publicly traded company with a market cap of nearly $10B. Currently, they have over 1,850 locations and are well-known for their strong commitment to their locations.