GREAT LOCATION ---- TRUE NNN INVESTMENT -- NO LANDLORD RESPONSIBILITIES -- TENANT PAYS FOR EVERYTHING!!
10% Rent Increases Every 5 Years In Primary Term Plus 4 (5 Year) Options
Newer Construction Asset with drive-thru! Property was built in 2016 with approximately 12 years left on the original lease (March 2036 - this does not include extensions). Lease is Guaranteed by LBE Holdings, Which Includes 64 Units, and had Totaling $87,000,000 in 2023. Excellent Street Frontage and is located in front of a Walmart (in the same shopping center) with a strong rent to sales ratio. Monthly rental payments have always been paid on time -- never late! The lease is a true NNN lease with ZERO landlord responsibilities with a 10% rental increase every 5 years in the primary term & in the options. The population of Peoria is approximately 110,000 people.
Agent / Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.
NO OFFERS WILL BE CONSIDERED OR ACCEPTED BEFORE CALLING US FIRST TO DISCUSS AT - 949-250-0400
Illinois Broker of Record: Jeff Graves License # 471.005780