Truck Terminal with Industrial
For Sale
$700,000
710 High Point Ln, East Peoria, IL 61611
Absolute NNN investment with a corporate-guaranteed lease and specialized fleet-use improvements.
Property Size3,750 SF
Lot Size4.58 Acres
Price / SF$186.67
Days on Market133
Property Features for 710 High Point Ln
General Information
Standard status
Active
Size
3,750 SF
Lot size
4.58 Acres
Property subtype
Retail
Zoning
M-1
Financials
Asking Price
$700,000
Cap Rate
5.68%
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Building Details
Building Size
3,750 SF
Year Built
1975
Buildings
1
Tenancy
Single Tenant
Listing Agency:
APEX Commercial Real Estate Advisors
Listed By:
Divon Shammami · License #6501467308
Source:
Cpix.resimplifi
Added: Jun 4
Changed: Oct 10
Last Checked: Oct 12 at 4:52PM
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 APEX Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This truck terminal includes a 3,750-square-foot building on a 4.58-acre site configured for truck parking, servicing, and logistics operations. Built in 1975, the property carries M-1 zoning and includes specialized improvements supporting fleet use.
Penske has occupied the location since 2006 and has exercised three lease options. The absolute NNN structure places zero landlord responsibilities on the owner, while a corporate guarantee supports the lease. Rental increases of approximately 9% or more are scheduled at option periods, and the lease carries a 5.68% cap rate.
The property is positioned near the I-74 corridor and serves the greater Peoria logistics and industrial market. Its operational layout is suited to truck leasing, maintenance, and related transportation functions.
Penske has occupied the location since 2006 and has exercised three lease options. The absolute NNN structure places zero landlord responsibilities on the owner, while a corporate guarantee supports the lease. Rental increases of approximately 9% or more are scheduled at option periods, and the lease carries a 5.68% cap rate.
The property is positioned near the I-74 corridor and serves the greater Peoria logistics and industrial market. Its operational layout is suited to truck leasing, maintenance, and related transportation functions.
Key Highlights
- 4.58‑acre truck terminal site with a 3,750 SF building
- Absolute NNN lease with zero landlord responsibilities
- Penske occupancy dating to 2006 with 3 exercised options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,438
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,760
$708.8K
Cap Rate 7%
$506,257
$506.3K
Cap Rate 9%
$393,756
$393.8K
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$56.3K $15.00/SF
− Vacancy
−$5.6K −$1.50/SF
EGI
$50.6K $13.50/SF
− OpEx
−$15.2K −$4.05/SF
NOI
$35.4K $9.45/SF
Area
Tazewell County, IL
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,760
Cap Rate 7%
$506,257
Cap Rate 9%
$393,756
Alternative Uses
Best Use
Retail
$506.3K
$443.0K – $590.6K
NOI $35,438 @ 7.0% cap · market cap 5.06%
Second Best
Warehouse
$418.3K
$366.0K – $488.0K
NOI $29,278 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,721 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 61611, IL
23,837
Population
11,207
Households
2.1
Avg Household Size
44
Median Age
26%
College-Educated
93%
High-School Grad
41.0 sq mi
ZIP Area
581
Density / Sq Mi
$76,329
Median Household Income
$44,586
Median Earnings
$942
Median Rent
$162,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Truck terminal - Absolute NNN investment with a corporate-guaranteed lease and specialized fleet-use improvements.
Where is this truck terminal located?
The property is located at 710 High Point Ln East Peoria, IL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 4.58‑acre truck terminal site with a 3,750 SF building; Absolute NNN lease with zero landlord responsibilities; Penske occupancy dating to 2006 with 3 exercised options
