Listed by Matthews
$3,100,000
Bimbo Bakeries
Details
Property Type Industrial
Sub Type Distribution
Square Footage 13,150
Cap Rate 6.18%
NOI $191,647
Tenancy Single
Brand/Tenant Tractor Supply, Sherwin-Williams
Lease Type NNN
Lease Term 15
Lease Expiration 12/01/2029
Remaining Term 3.5
Lease Options Three, 5-Year Options
Price per SqFt $236
Acreage 5.770
Tenant Credit Corporate Guarantee
Ground Lease No
NNN Bimbo Bakeries USA Distribution Facility with Excess Land in Peoria, IL
Marketing description
For sale: ±13,150 SF Bimbo Bakeries USA distribution facility in Peoria, IL. Priced at $3,100,000 with a 6.18% cap rate and NNN lease structure. ±3.8 years remain on the lease, with three 5-year options and 5% rent escalations every five years. Includes ±3.73-acre main parcel plus 2.04-acre excess land zoned Industrial-1. Investment-grade tenant, prime logistics location.
Investment highlights
- Corporate NNN Lease – The property is leased to Bimbo Bakeries USA under an NNN lease structure (real estate taxes are reimbursed by tenant), providing a passive, management-free investment.
- Attractive Near-Term Lease Rollover with Extension Options – The lease has approximately 3.8 years remaining, offering investors the opportunity to capture lease renewal upside, with three (5-year) extension options remaining.
- Investment Grade Global Tenant – Bimbo Bakeries USA operates as a subsidiary of Grupo Bimbo, the largest baking company in the world, with operations in 34 countries and an extensive U.S. distribution network.
- Built-In Rental Increases – The lease features 5% rental increases every five years throughout the base term and option periods, providing long-term NOI growth and inflation protection.
- Strategic Industrial Distribution Facility – The offering includes a ±13,150 SF industrial building on ±3.73 acres, providing functional space for distribution operations within the Peoria Market.
- Excess Land / Value-Add Opportunity – The sale includes an adjacent 2.04-acre Industrial-1 zoned parcel, providing future development potential, expansion capability, or additional monetization opportunities.
- Strong Regional Accessibility – The property benefits from proximity to Illinois Route 116 and Interstate 474, allowing efficient distribution throughout the Peoria region.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$191,647.00
$15,970.58/mo
Valuation Metrics
0
DSCR
6.18%
Cap Rate
6.18%
ROI
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