100% Occupied Shopping Center
Fully Occupied Asset with Best-in-Class National Tenant Mix
Marketing description
Northmarq, on behalf of ownership, is pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest in the 100% Occupied Shopping Center located in Peru, IL. The Property is an approximately +/- 106,649 SF multi-tenant retail center that sits on a 10.81-acre lot and is fully occupied by a strong retail mix, including Dunham's Sports, Ollie's Bargain Outlet, Harbor Freight, Planet Fitness, and Cricket Wireless.
All of the tenants are under net lease agreements with rents per square foot as low as $3.75. Additionally, 100% of the tenants’ leases feature rental increases either throughout the base term or during the option periods.
Peru, Illinois is a regional hub in the Illinois Valley, located about 90 miles southwest of Chicago, with a diversified economy supported by retail, logistics, manufacturing, and healthcare.
Investment highlights
- 100% Occupied Asset with Best-in-Class National Tenant Mix
- Large 10.81-Acre Parcel | Recent Roof Replacement
- Recent Leasing Momentum with National Credit Tenants
- Prime High‑Traffic Retail Corridor Along State Hwy 251 (15,500+ VPD)
- Priced Below Replacement Cost
- Expanded Trade Area | Regional Connectivity Within the Chicago Market
- 40,000+ Residents Within 10 Miles | $88,000+ 10-Mile AHHI
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