Building Details

Tenancy Single

Listing Agency: Matthews

Listed By: Andrew Evans · License #CA - 0255475

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 9:21AM

Report an Issue

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 Matthews

Investment Insights

Based on property information with market context.

This NNN property is associated with veterinary use and is leased to Veterinary Practice Partners. The lease term is 10 years, providing a defined contractual period for the occupant and supporting the property’s investment-oriented structure.

Located at 1624 W War Memorial Dr in Peoria, Illinois, the asset is offered for sale with a stated 7.00% cap rate. The property information identifies the tenant as a national operator and references two locations within the veterinary practice platform.

Key Highlights

• 7.00% cap rate
• 10‑year lease term
• NNN property structure

Property Analytics

Property Profile

Current Use

Meadowbrook Veterinary Clinic ... Veterinary Clinic

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Law Firm HVAC Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

642

Businesses Nearby

Explore this area Business Placement

Demographics for 61614, IL

27,119

Population

13,870

Households

2

Avg Household Size

41

Median Age

46%

College-Educated

97%

High-School Grad

12.0 sq mi

ZIP Area

2,260

Density / Sq Mi

$68,379

Median Household Income

$46,540

Median Earnings

$948

Median Rent

$169,700

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Automotive Sales and Service Facility

1613 W Pioneer Parkway, Peoria, IL 61615

$1,699,000

6,800 SF

View details

Multi-Tenant Office Building

5016 N University St, Peoria, IL 61614

$670,000

11,649 SF

View details

Corner Storefront Retail Property

1025 North Sheridan Road, Peoria, IL 61606

$399,900

11,500 SF

View details

Mixed-Use Corner Commercial Building

2422 N North St, Peoria, IL 61604

$330,000

4,085 SF

View details

Three-Story Office Building

2 News Plaza, Peoria, IL 61614

$2,021,000

38,904 SF

View details

Restaurant and Coffee Shop Property

3624 N University St, Peoria, IL 61604

$2,999,000

1,268 SF

View details

Warehouse Building with 21-Foot Ceilings

215 Taylor St, East, Peoria, IL 61611

$2,390,000

49,540 SF

View details

Single-Tenant State Office Building

607 Main St, Peoria, IL 61602

$3,788,000

40,697 SF

View details

Multi-Building Flex Property

1800 SW Adams St, Peoria, IL 61602

$899,000

45,000 SF

View details

Turnkey QSR Restaurant with Drive-Thru

1017 W Main St, Peoria, IL 61606

$425,000

3,380 SF

View details

Turnkey Dirt Track Stadium

3520 W Farmington Rd, Peoria, IL 61604

$550,000

1,536 SF

View details

Interconnected Three-Story Mixed-Use Property

309-313 Main Street, Peoria, IL 61602

$600,000

21,915 SF

View details

Frequently Asked Questions

What type of property is this?

NNN property - Veterinary-use property supported by a 10-year lease with a national tenant.

Where is this nnn property located?

The property is located at 1624 W War Memorial Dr Peoria, IL.

What are key features of this property?

This property features: 7.00% cap rate; 10‑year lease term; NNN property structure