1012 S Bosch Rd - Food Processing FOR SALE


Peoria, IL 61607
$3,300,000 USD
214-957-7544
1012 S Bosch Rd, Peoria, IL for Sale
$3,300,000 USD
Food Processing - FOR SALE
1/5
null | 5.53% Cap Rate

1012 S Bosch Rd
Peoria, IL 61607


HIGHLIGHTS

  • 7 Years Remaining | Scheduled Rental Increases | Corporate Signed Lease | Well-Known & Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Trade Area | Nearby National & Regional Tenants | Large Parcel (162K+ SF) | Value-Add Land Opportunity Available
  • Signalized, Hard Corner Intersection | Centralized Location
  • Nearby Residential Communities | Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, Bimbo Bakeries investment property located in Bellevue, IL (Peoria MSA). The tenant, Bimbo Bakeries USA, Inc., has 7 years of firm term remaining with 3 (5-year) option periods left to extend, providing zero short term rollover. The lease features 5% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Founded in 1998, Bimbo Bakeries is the largest commercial baking company in the U.S. with 59 bakeries, 700+ sales centers, and 20,000 associates. Bimbo Bakeries is also part of Grupo Bimbo, the world’s largest baking company with operations in 34 countries. The offering includes a 16,000 SF industrial building situated on a 3.73-acre lot, providing Bimbo Bakeries an ample amount of space to conduct business operations. In addition, the offering includes the adjacent parcel, an ideal value-add opportunity consisting of 2.04 acres with Industrial 1 zoning. Bimbo Bakeries is strategically located near the signalized intersection of Airport Road and Everett McKinley Dirksen Parkway, averaging a combined 25,000+ vehicles passing by daily. The asset benefits from nearby access onto State Highway 116 (14,500 VPD) and Interstate 474 (31,500 VPD), providing efficient transportation routes to satisfy all business needs. The immediate retail corridor to home to a variety of national/credit tenants including Bellevue Friendly Tap, Kroger, O’Reilly Auto Parts, Walmart Supercenter, Target, Costco Wholesale, and others. The strong retail corridor provides employees with easy access to food and service-based retailers to accommodate their daily needs. The 5-mile trade area is supported by over 70,400 residents and 67,300 daytime employees, with a healthy average household income of $63,895.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$206 USD /SF

CAP RATE

5.53%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bimbo Bakeries

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Food Processing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

-

DOCKS

12

DRIVE INS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

5.77

LAND SF

251,341

ZONING

Industrial 1 - Light

APN/PARCEL ID

17-14-152-013

ASK ABOUT THIS PROPERTY

Tyler IsbellSRS Real Estate PartnersMore Info
214-957-7544

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Tyler IsbellSRS Real Estate PartnersMore Info
214-957-7544

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.