Listed by APEX Commercial Real Estate Advisors
$700,000
Penske Truck Leasing - East Peoria, IL - Absolute NNN
Details
Property Type Retail
Sub Type Auto Shop, Gas Station
Square Footage 3,750
Net Rentable (SqFt) 3,750
Units 1
Cap Rate 5.68%
NOI $39,816
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 21
Lease Expiration 10/31/2027
Remaining Term 1.3
Rent Bumps Yes
Lease Options (1), 3 Year Option
Price per SqFt $187
Broker Co-Op Yes
Class A
Year Built 1975
Buildings 1
Acreage 4.580
Zoning M-1
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/31/2006
Ground Lease No
Ownership Fee Simple
Sale Condition N/A
ABSOLUTE NET - Zero Landlord Responsibility
Investment highlights
Absolute NNN Lease Structure – Zero landlord responsibilities with tenant responsible for roof, structure, taxes, insurance, CAM, and maintenance.
National Credit Tenant – Penske Truck Leasing – Industry-leading logistics and fleet management company with over 1,000 locations nationwide.
Essential Logistics Use – Critical infrastructure supporting transportation, distribution, and supply chain operations.
Rental Growth Built Into Lease – 12% rental increases every five years provide strong long-term income growth.
Strategic Transportation Location – Positioned near major highway infrastructure serving the greater Peoria logistics corridor.
High Barrier Industrial Use – Specialized fleet service use reduces likelihood of tenant relocation.
Listing Contacts
Listed by APEX Commercial Real Estate Advisors
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$39,816.00
$3,318.00/mo
Valuation Metrics
0
DSCR
5.69%
Cap Rate
5.69%
ROI
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