1008 W Garfield Ave Bartonville, IL 61607
Property profile & analytics
1008 W Garfield Ave Bartonville, IL 61607
- Commercial real estate
- 1.57 lot acres
Property ID
US28-2334650
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 1008 W Garfield Ave
- Lot size
- 1.57 lot acres
- Property type
- Commercial real estate
- APN
- 17-26-401-022
- APU
- 1726401022
Description
This exceptional investment opportunity presents a fee-simple ownership of a 10,113 square foot CVS Pharmacy in Bartonville, Illinois. The property, built in 2000 and situated on a 1.54-acre lot, boasts a highly visible corner location at the signalized intersection of S Lafayette Avenue and W Garfield Avenue, a primary commercial corridor. The Absolute NNN lease with CVS, the nation's largest retail pharmacy, commenced September 30, 2019, and extends to September 29, 2039, offering a substantial remaining lease term of approximately 14.9 years, with six 5-year renewal options and 2.5% rent increases at each renewal. The property generates a strong NOI of $211,100, representing a 6.00% cap rate on the asking price of $3,518,333. This investment-grade credit tenant, CVS Health (NYSE: CVS), provides significant financial stability and minimal management responsibilities. The property benefits from its proximity to other major retailers like Kroger and Aldi, as well as Peoria International Airport. The surrounding area has a strong demographic profile, with over 17,900 people within a 3-mile radius and an average household income exceeding $82,296. This presents a compelling opportunity for passive income generation with significant long-term growth potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,325,000
- ML approach
- $3,355,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bartonville
- County
- Peoria
- State
- Illinois
- Longitude
- -89.6703
- Latitude
- 40.6448
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$46,485
$168,760
$297,800
$466,560
-
$506,280
$893,400
$1,399,680
