4712 University St Peoria, IL 61614-5877

Property Details for 4712 University St

Lot size

1.17 lot acres

Property type

Commercial real estate

APN

14-20-401-045

APU

1420401045

Description

This exceptional retail investment opportunity presents a 5,050 square foot, multi-tenant shopping center in Peoria, Illinois, boasting a 100% occupancy rate. Located at 4712 N University St, this property features a strong tenant lineup with Noodles & Company and Dog Haus, both national brands with significant brand recognition and a weighted average lease term of nearly six years. The property benefits from a prime location at a highly trafficked intersection, with excellent visibility due to a pylon sign on University Street. The site enjoys proximity to Metro Centre, a well-established shopping center with over 1.2 million annual visits, and a dominant Schnucks grocery store, generating over 655,500 annual visits. Built in 2014, this property sits on a 1.16-acre lot and offers a compelling 7.00% cap rate with a Net Operating Income (NOI) of $124,344, representing a strong return on investment. The Peoria Farmers Market, operating seasonally at the adjacent Metro Centre, further enhances the property's appeal and draws additional foot traffic. The surrounding area boasts a robust demographic profile, with a population of 113,700 residents within a 5-mile radius and an average household income of $84,000. This property offers a rare opportunity to acquire a well-positioned, high-performing retail asset in a thriving market. The asking price is $1,800,000.

Location Insight

City

Peoria

County

Peoria

State

Illinois

Longitude

-89.6117

Latitude

40.7449

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments