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4200 N Sterling Ave
Peoria, IL 61615 North Peoria

$2,700,000 USD

Fast Food For Sale  •  2,862 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 3,709 SF
  • Lot Size 1.24 AC
  • Building Class B
  • Year Built 2025
  • Cap Rate 5.00 %
  • Tenancy Single
30 Transit Score
40 Walk Score

Highlights

Top-performing location in Illinois and nationwide since opening; contact broker for details
Absolute NNN ground lease with zero landlord responsibilities
This is the only Raising Cane’s location within a 40-mile radius
Signalized hard-corner position along North Sterling Avenue (31,500 VPD)
Immediate access to Interstate 74 (32,500 VPD) and US Highway 150 (40,900 VPD)
Surrounded by national retailers, including Target, Lowe’s, T.J. Maxx, Ross, Burlington, Ulta, Petco, Michaels, and Binny’s Beverage Depot

Property Flyers

Cap Rate: 5.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Raising Cane's 12/31/2040

Amenities

  • Corner Lot
  • Dedicated Turn Lane
  • Signage
  • Signalized Intersection
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
General Downing - Peoria International 16 min - 9.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 30
Type: Surface
Included in Rent: Yes
John Feeney 847-664-9557 The Boulder Group
John Feeney 847-664-9557 The Boulder Group