Noodles & Company and Dog Haus | 4712 N University St
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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)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 14-20-401-045 | Improvements Assessment | $262,060 |
Land Assessment | $123,220 | Total Assessment | $385,280 |
PROPERTY TAXES
Parcel Number
14-20-401-045
Land Assessment
$123,220
Improvements Assessment
$262,060
Total Assessment
$385,280
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Noodles & Company and Dog Haus | 4712 N University St
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