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Noodles & Company and Dog Haus 4712 N University St

5,050 SF 100% Leased Retail Building Peoria, IL 61614 $1,800,000 ($356/SF) 6.91% Cap Rate

Investment Highlights

  • PROMINENT RETAIL LOCATION 4712 North University Street is strategically positioned in one of the most dense and strong demographic commercial areas of
  • ESTABLISHED DEMOGRAPHIC PROFILE | 113.7K RESIDENTS WITHIN A 5-MILE RADIUS SEASONAL CUSTOMER INFLUX Given its position in the Peoria regional trade are
  • NATIONAL TENANT LINEUP The subject offering features a stable tenant base of national restaurant users featuring a weighted average lease term of near
  • DOMINANT GROCERY SHADOW ANCHOR The subject offering is shadow anchored by a traffic-driving Schnucks that receives over 655,500 annual visits (Placer.

Executive Summary

Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in 4712 North University Street, Peoria, IL. The offering represents an opportunity to acquire a two-tenant outlot building occupied by Noodles & Company and Dog Haus positioned next to Metro Centre, a historic community shopping center.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
5,050 SF
Building Class
C
Year Built
2014
Price
$1,800,000
Price Per SF
$356
Cap Rate
6.91%
NOI
$124,344
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Walk Score ®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

First Mid Bank
WW
Dog Haus
Noodles & Company
Kroger
McAlister's Deli
PNC Bank
Chili's
Starbucks
TD Ameritrade

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14-20-401-045
Land Assessment
$123,220
Improvements Assessment
$262,060
Total Assessment
$385,280
  • Listing ID: 33192958

  • Date on Market: 9/16/2024

  • Last Updated:

  • Address: 4712 N University St, Peoria, IL 61614

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