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Property profile & analytics

3431 University St Peoria, IL 61604-1322

  • Commercial real estate
  • 1.01 lot acres
OFF-MARKET
Last Sale
May 29, 2025
$1,630,000
Value Estimations
$1,630,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-3762148
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.

Current Use by Public Records

  • Hardee's / Restaurant / Take-out & Catering

Property Details for 3431 University St

Lot size
1.01 lot acres
Property type
Commercial real estate
APN
14-29-327-026
APU
1429327026

Description

This exceptional investment opportunity presents a 3,097 square foot Hardee's/Carl's Jr. restaurant located at 3431 N University St, Peoria, IL 61604. Built in 2016, this single-tenant, free-standing building boasts a drive-thru and sits on a 1.01-acre lot with 20 parking spaces. The property features a 100% occupancy rate and a strong net operating income (NOI) of $137,500, yielding a 5.51% cap rate. The asking price is $2,495,000, translating to $896 per square foot. The lease is a true NNN (triple net) lease, meaning the tenant is responsible for all operating expenses, offering significant investor protection. The current lease extends to November 1, 2030, with a remaining term of approximately 100 years, including four 5-year renewal options. The lease includes a 10% rent increase every five years throughout the primary term and option periods. This property benefits from a prime location in a shopping center anchored by a Walmart, providing excellent visibility and high traffic. The tenant, LBE Holdings, a strong operator with a portfolio totaling $87,000,000 in 2023, guarantees the lease. This is a rare opportunity to acquire a well-performing, low-maintenance investment property in a desirable location with significant long-term growth potential. All information is deemed reliable, but buyers are encouraged to conduct their own due diligence.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,545,000
    ML approach
    $1,625,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Peoria
County
Peoria
State
Illinois
Longitude
-89.6132
Latitude
40.7299
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
$30,560
$147,130
$177,680
$324,810
-
$441,390
$533,040
$974,430
More about this property
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