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29582410
29582409

110 Thunderbird Lane, East Peoria, IL 61611

SO
475155235
$1,675,000
120 days on market
Updated 120 days ago

LKQ - Keystone Automotive

Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 19,200
Units 1
Cap Rate 7.48%
NOI $125,280
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 6
Lease Expiration 06/30/2031
Remaining Term 5.1
Rent Bumps Yes
Lease Options None
Price per SqFt $87
Class B
Year Built 1995
Acreage 1.190
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 07/01/2025
Occupancy Date 07/01/1995

Industrial | 7.48% CAP | 19,200 SqFt

Marketing description

Keystone Automotive Industries is a wholly owned subsidiary of LKQ Corporation (NASDAQ: LKQ / $14 Billion in Revenue) and the largest aftermarket auto parts supplier in the United States. Keystone Automotive is an ISO 9001 compliant distributor that offers a high-quality and low-cost alternative to new OEM replacement parts for autos and trucks. Keystone’s aftermarket auto parts product lines include: bumpers, hoods, fenders, grilles, lighting, remanufactured wheels, radiators, and condensers.

The East Peoria location offers an extensive inventory of new aftermarket/OE replacement automotive parts and paint and paint-related supplies. This includes autobody paint, spray guns, mirrors, head or tail lamps, car fenders and bumpers, or refurbished wheels for automotive and truck repair supply needs. As a wholly owned subsidiary of LKQ, additional inventories of recycled OEM and remanufactured auto parts, including engines and transmissions, are directly accessible.

Investment highlights

Investment-Grade Tenant

1995 Build-to-Suit

Recent Lease Extension for Six-year Term

7.00% Rent Bump in 2028

Listing Contacts

SO
475155235

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$125,280.00
$10,440.00/mo

Valuation Metrics

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DSCR
7.48%
Cap Rate
7.48%
ROI

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