Schnucks - Net Lease Property for Sale
Peoria, IL
Key Investment Metrics
Price
$12,841,000
Cap Rate
6.8%
Net Operating Income
$866,750
Building Size
86675 SF
Lot Size
86,675 SF
Land Area
6.27 Acres
Remaining Term
7.2 years
Lease Expiration
02/27/2033
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
1966
Occupancy
100%
Tenancy
Single
Rent Increases
3% Every 5 Years
About This Schnucks Net Lease Property
This Schnucks NNN (triple net lease) property is located in Peoria, IL and represents an excellent investment opportunity for commercial real estate investors. The property features 86675 square feet of building space and was built in 1966.
With a cap rate of 6.8%, this Schnucks net lease property offers stable income potential. The asking price is $12,841,000, making it an attractive option for 1031 exchange investors seeking quality Schnucks commercial properties.
Why Invest in Schnucks NNN Properties?
- Stable Income: Schnucks net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Schnucks is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Peoria, IL Market Overview
Located in Peoria, IL, this Schnucks property benefits from strong local demographics and market fundamentals. The Peoria area offers excellent visibility and accessibility, making it an ideal location for Schnucks operations and a solid investment for net lease property buyers.