Property History
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Valley Park Shopping Center located at 200 N MacArthur Highway in Peoria, Illinois (the “Property”). The Plaza contains 22,900 square feet of gross leasable area on a 3.0-acre parcel. Valley Park Shopping Center is currently 86.9% occupied and is leased to four tenants. The owner is negotiating a lease for suites 7 and 8 and will master lease suites 4, 5, and 6 for 1-year from the close of escrow. The Property is anchored by a Shell Gas Station and Convenience Store and is further occupied by a complimentary mix of local businesses offering products and services for the surrounding community. Valley Park Shopping Center is well-located at the signalized intersection of N MacArthur Highway and W John H Gwynn Jr Avenue. The Property features excellent visibility and frontage and includes four points of access and ample parking. Valley Park Shopping Center is situated just outside of the Peoria Central Business District, is located along the municipal bus line, and is less than 1-mile from Bradley University and 1.4-miles from Interstate 74.
THE ASSET:
Valley Park Shopping Center is a 22,900 square foot retail center on a large 3.0-acre parcel of land with four (4) points of access, excellent visibility and frontage, and prominent signage along N MacArthur Highway. The Property also offers ample on-site parking.
DIVERSE TENANT MIX:
Valley Park Shopping Center benefits from a diverse mix of local tenants. The Property is anchored by a Shell gas station and convenience store and is also home to a credit union, and City Fashion.
UPSIDE POTENTIAL:
Valley Park Shopping Center offers an investor significant upside through the lease up of the existing vacant space, and by bringing some of the below market rents to market rates.
STRATEGIC LOCATION:
Valley Park Shopping Center is well-located at the signalized intersection of N MacArthur Highway and W John H Gwynn Jr Avenue. Valley Park Shopping Center is situated just outside of the Peoria Central Business District, adjacent to several large apartment complexes and residential neighborhoods. The Property is located along the municipal bus line and is less than 1-mile from the Peoria Civic Center and Bradley University and is 1.4-miles from Interstate 74.
BRADLEY UNIVERSITY:
Bradley University is a top-ranked private university in Peoria, Illinois, that offers nearly 6,000 undergraduate and graduate students opportunities and resources of a larger university and the personal attention and exceptional learning experience of a smaller university. The primary campus is less than 1-mile from the Valley Park Shopping Center.
RETAIL TRADE AREA:
Additional retailers driving traffic to the area include Walmart Supercenter, Target, Lowe’s Home Improvement, ALDI, CVS, Walgreens, Advance Auto Parts, AutoZone, O’Reilly Auto Parts, Dollar General, Buffalo Wild Wings, Chili’s, Texas Roadhouse, Culver’s, Steak N Shake, Chick-fil-A, Starbucks, McDonald’s, KFC, Taco Bell, Church’s Chicken, Arby’s, Dunkin’, Pizza Hut, Domino’s, Papa john’s Pizza,
DEMOGRAPHICS:
An impressive 65,300+ people live within 3-miles of the Property. Over 123,300 people live within 5 miles of the Property with an average household income of $66,357. Additionally, there are more than 45,300 employees within 3-miles of the property.
HIGH TRAFFIC COUNTS:
More than 23,100 vehicles per day pass by the Property at the signalized intersection of N MacArthur Highway and W John H Gwynn Jr Avenue.
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