Advance Auto Parts for Sale in West Peoria, IL
West Peoria, IL
Key Investment Metrics
Price
$848,660
Cap Rate
7.0%
Net Operating Income
$59,406
Building Size
8050 SF
Remaining Term
7.2 years
Lease Expiration
08/31/2033
Lease Term
10 years
Lease Commencement
01/21/2020
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
1995
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
AI illustration · Not the listed propertyProperty overview
Advance Auto Parts in West Peoria
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 8,050 SF
- Year built
- 1995
- Lease type
- Absolute NNN
- Lease expiration
- 08/31/2033
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.