8635 N Industrial Rd - Warehouse FOR SALE


Peoria, IL 61615
$1,620,000 USD
630-546-4276
8635 N Industrial Rd, Peoria, IL for Sale
$1,620,000 USD
Warehouse - FOR SALE
1/6
null | 8.52% Cap Rate

8635 N Industrial Rd
Peoria, IL 61615


HIGHLIGHTS

  • Long-Term NNN Lease: Freedom Forever, a national leader in the solar energy industry, is fully committed to the property through October 31, 2028
  • Annual Rent Increases: The lease includes 3% annual rent escalations, providing built-in income growth for the owner
  • Minimal Landlord Responsibilities: As a NNN lease, the tenant handles taxes, insurance, maintenance, and utilities.
  • Strong National Tenant: Freedom Forever operates in over 30 states and generates over $1 billion in annual revenue.
  • Strategic Location: Situated in Peoria, IL, a pro-business city with excellent infrastructure and connectivity.
  • Attractive Cap Rate: Offering an 8.24% cap rate Day 1, w/ 3% annual rent increases, delivering a solid return on investment in a growing market.

OVERVIEW

Fortino Real Estate Group is proud to present a prime industrial investment opportunity at 8635 North Industrial Rd, Peoria, IL. This 20,000 SF property is located on a large 2.6-acre lot within the Peoria submarket. The property is fully leased to Freedom Forever, a national leader in residential solar energy, on a NNN lease. With 3% annual rent increases and a base lease term extending through October 2028, this property offers investors a stable income stream with steady growth. Freedom Forever, known for its rapid expansion and industry leadership, operates in over 30 states and generates over $1 billion in annual revenue. The company's strong financial footing and continued demand for renewable energy solutions make this a secure, long-term investment.

FOR SALE DETAILS

PRICE

$1,620,000 USD

PRICE/SF

$81 USD /SF

CAP RATE

8.52%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

2

DRIVE INS

4

PARKING SPACES

65

LAND DETAILS

LAND ACRES

2.6

LAND SF

113,256

ZONING

-

APN/PARCEL ID

14-06-251-021

ASK ABOUT THIS PROPERTY

Adam FortinoKeller Williams CommercialMore Info
630-546-4276

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Adam FortinoKeller Williams CommercialMore Info
630-546-4276

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