Property summary
This exceptional investment opportunity presents a 9,000-square-foot Dollar Tree storefront in Washington, Illinois, a thriving Peoria suburb. Located on a 1.5-acre lot at 1985 Freedom Pkwy, 61571, this property boasts a prime location, situated on the pad of Menard's and adjacent to Aldi, with excellent visibility along McClugage Road (Bus. 24 Hwy) and across from a Walmart Supercenter. Built in 2017, the building is currently 100% occupied under a triple-net (NNN) lease with approximately… three years remaining. The lease is corporately guaranteed by Dollar Tree, a company with a Standard & Poor's investment-grade "BBB" credit rating. The landlord is responsible for roof, structural components, and parking lot maintenance, while the tenant covers seasonal CAM expenses (lawn care, snow removal) and contributes to taxes and insurance. The lease includes three, five-year options with $0.50 per square foot rent increases in each. Nearby amenities include an urgent care facility, Great Clips, and the Cherry Tree Shopping Center (anchored by Kroger and Runnings). This property offers a compelling 8.40% cap rate and an asking price of $1,095,000. The property's strong tenant, desirable location, and favorable lease terms make it an attractive investment prospect.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 8,750 SF
- Lot area
- 1.57 ac
- Year built
- 2017
- Stories
- 1
- APN
- 02-02-16-302-003
- Assessed value · 2023
- $337,630
- Annual tax · 2023
- $30,301
- Auto Repair, Garage
- Commercial (general) · current use
- Restaurant
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Location Insight
- Alternative use
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