Freestanding Bimbo Bakeries Investment
For Sale
Contact for pricing
1012 S Bosch Rd, Peoria, IL
Absolute NNN lease with zero landlord responsibilities in Peoria MSA.
Property Size16,000 SF
Lot Size5.77 Acres
Price / SF$206.25
Days on Market658
Property Features for 1012 S Bosch Rd
General Information
Standard status
Active
Size
16,000 SF
Lot size
5.77 Acres
Property subtype
INDUSTRIAL
Listing Agency:
SRS Real Estate Partners - Corporate
(214) 560-3145
Listed By:
Tyler Isbell · License #CA 01732226
(214) 560-3145
Source:
Moodyscre
Added: Oct 24, 2024
Changed: Jul 6
Last Checked: Aug 12 at 11:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners - Corporate
Investment Insights
Based on property information with market context.
This offering presents the opportunity to acquire a fee simple interest in a freestanding Bimbo Bakeries investment property in Bellevue, Illinois, within the Peoria MSA. The property features an absolute NNN lease with Bimbo Bakeries USA, Inc., with 7 years of firm term remaining and 3 (5-year) option periods. The lease, signed by the corporate entity, includes 5% rental increases every 5 years throughout the initial term and options. The property is an ideal, management-free investment opportunity for a passive investor. Bimbo Bakeries USA, Inc., founded in 1998, is the largest commercial baking company in the U.S. with 59 bakeries, over 700 sales centers, and 20,000 associates, and is part of Grupo Bimbo, the world’s largest baking company with operations in 34 countries. The offering includes a 16,000 square foot industrial building situated on a 3.73-acre lot, providing ample space for business operations. In addition, the offering includes the adjacent parcel, an ideal value-add opportunity consisting of 2.04 acres.
Key Highlights
- Absolute NNN lease with zero landlord responsibilities, offering a management‑free investment.
- Corporate‑backed lease by Bimbo Bakeries USA, Inc.
- 7 years of firm term remaining with 3 (5‑year) option periods, ensuring long‑term income.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$116,892
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,337,840
$2.3M
Cap Rate 7%
$1,669,886
$1.7M
Cap Rate 9%
$1,298,800
$1.3M
Market Conditions
NOI Build-Up for 16,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$144.0K $9.00/SF
− Vacancy
−$6.5K −$0.41/SF
EGI
$137.5K $8.59/SF
− OpEx
−$20.6K −$1.29/SF
NOI
$116.9K $7.31/SF
Area
Peoria, IL
Vacancy
4.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,337,840
Cap Rate 7%
$1,669,886
Cap Rate 9%
$1,298,800
Alternative Uses
Best Use
Warehouse
$1.67M
$1.46M – $1.95M
NOI $116,892 @ 7.0% cap · market cap 3.54%
Second Best
Industrial
$1.38M
$1.20M – $1.60M
NOI $96,264 @ 7.0% cap · market cap 2.92%
Theoretical Best
Multifamily LT 5
$14.00M
$12.25M – $16.33M
NOI $979,765 @ 7.0% cap · market cap 29.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Warehouse - Absolute NNN lease with zero landlord responsibilities in Peoria MSA.
Where is this warehouse located?
The property is located at 1012 S Bosch Rd Peoria, IL.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Absolute NNN lease with zero landlord responsibilities, offering a management‑free investment.; Corporate‑backed lease by Bimbo Bakeries USA, Inc.; 7 years of firm term remaining with 3 (5‑year) option periods, ensuring long‑term income.
