1101 Bird Blvd Peoria, IL 61615-1401
- Commercial real estate
- 1.15 lot acres
Current Use by Public Records
- Panera Bread / Cafe & Coffee Shop
Property Details for 1101 Bird Blvd
- Lot size
- 1.15 lot acres
- Property type
- Commercial real estate
- APN
- 14-05-202-021
- APU
- 1405202021
Description
This exceptional investment opportunity presents a 5,226-square-foot Panera Bread restaurant located at 1101 W Bird Blvd, Peoria, IL, 61615. The property sits on a 1.15-acre lot and boasts a strong 6.15% cap rate, generating a net operating income (NOI) of $142,591 annually. Built in 2002, this single-tenant building is currently operating at 100% occupancy under a lease with Panera Bread that extends until December 31, 2033—a remaining lease term of 9.1 years. The lease includes a 10% rent increase after year five. The asking price is $2,318,000, translating to a price per square foot of $443.55. The property is zoned C and offers significant potential for long-term return on investment. This is a rare opportunity to acquire a well-established, high-performing restaurant property in a desirable Peoria location. The original lease commenced on February 15, 2003. This is a single-tenant, retail investment property.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Longitude
- -89.6084
- Latitude
- 40.7968
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA
