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505 N Western Ave
Peoria, IL 61604 West Peoria

$848,660 USD

Freestanding For Sale  •  7,221 SF

Property Details

• Property Type Freestanding
• Total Building Size 8,050 SF
• Lot Size 0.8 AC
• Building Class B
• Year Built 1995
• Cap Rate 7.00 %
• Tenancy Single
• Zoning C

0 Transit Score

71 Walk Score

Highlights

Advance Auto signed a brand new 15-year lease in 2020, confirming their commitment to the location and market

RARE Absolute NNN lease for Advance Auto Parts

Attractive 10% rent increase in 2028 (cap rate increase to 7.70%, assuming a purchase at list price)

±7.50-Years remaining on the base term of an initial 15-year lease

±17,400 Vehicles daily in front of the store along Western Avenue

5-Mile population of ±118,546 residents

Cap Rate:

7.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Advance Auto Parts

Amenities

• Pylon Sign

Public Transportation

Airport	Drive	Walk	Distance
General Downing - Peoria International	13 min	-	5.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	30
Type:	Surface
Included in Rent:	Yes