Listed by Maloof Commercial Real Estate
$640,000
Family Dollar
Details
Property Type Retail
Sub Type Restaurant, Commercial
Square Footage 10,834
Cap Rate 6.88%
NOI $44,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Remaining Term 5
Price per SqFt $59
Year Renovated 2024
Acreage 0.630
Zoning CN Neighborhood Commercial
Investment Opportunity
Marketing description
Located in a vibrant and bustling neighborhood, this prime location offers
proximity to a variety of popular retail and dining destinations. With a dynamic
mix of national and local retailers, this area is ripe with opportunity for a retail
investor seeking to capitalize on the thriving consumer market of the Peoria
area. The property's strategic position near major thoroughfares and residential
communities makes it an attractive investment for those looking to tap into the
city's commercial potential.
Investment highlights
- 10,834 SF Family Dollar Store
- The store has occupied this building for 32 years
- Full store renovations being planned by Family Dollar
- Zoned CN (neighborhood commercial)
- Located in a strong & stable market near popular Bradley University
- Tenant recently signed a 5-year extension
- LL responsibility: structure, roof, HVAC, & parking lot
- Contact Broker for additional investment information
Listing Contacts
Listed by Maloof Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$44,000.00
$3,666.67/mo
Valuation Metrics
0
DSCR
6.88%
Cap Rate
6.88%
ROI
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