8635 N Industrial Rd
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8635 N Industrial Rd
20,000 SF Industrial Building Peoria, IL 61615 $1,675,000 ($84/SF) 8.24% Cap Rate
Investment 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
- Minimal Landlord Responsibilities: As a NNN lease, the tenant handles taxes, insurance, maintenance, and utilities.
- Strategic Location: Situated in Peoria, IL, a pro-business city with excellent infrastructure and connectivity.
- Annual Rent Increases: The lease includes 3% annual rent escalations, providing built-in income growth for the owner
- Strong National Tenant: Freedom Forever operates in over 30 states and generates over $1 billion in annual revenue.
- 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.
Executive Summary
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.
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.
Property Facts
| Price | $1,675,000 | Rentable Building Area | 20,000 SF |
| Price Per SF | $84 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 1960 |
| Cap Rate | 8.24% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 3.25/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 20 FT |
| Building Class | B | No. Dock-High Doors/Loading | 2 |
| Lot Size | 2.60 AC | No. Drive In / Grade-Level Doors | 4 |
| Price | $1,675,000 |
| Price Per SF | $84 |
| Sale Type | Investment NNN |
| Cap Rate | 8.24% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.60 AC |
| Rentable Building Area | 20,000 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Tenancy | Single |
| Parking Ratio | 3.25/1,000 SF |
| Clear Ceiling Height | 20 FT |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 4 |
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Freedom Forever
- Construction
- 20,000 SF
- $6.70
- Triple Net
- Oct 2028
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Freedom Forever | Construction | 20,000 SF | $6.70 | Triple Net | Oct 2028 |
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PROPERTY TAXES
| Parcel Number | 14-06-251-021 | Improvements Assessment | $130,530 |
| Land Assessment | $58,230 | Total Assessment | $188,760 |
PROPERTY TAXES
Parcel Number
14-06-251-021
Land Assessment
$58,230
Improvements Assessment
$130,530
Total Assessment
$188,760
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8635 N Industrial Rd
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