Multi-Tenant Retail - Peoria, IL
5116 N Big Hollow Rd
Multi-Tenant Retail - Peoria, IL - Retail for sale
POTENTIAL FOR SIGNIFICANT RENT AND TERM GROWTH
•All three tenants are approaching their first option period and will have the opportunity to extend out their leases at generous rent increases .
CORPORATE TENANT ROSTER
•The Asset features three NN leases backed by their respective corporate entities.
• Aspen Dental and All About Eyes are attractive health service-based tenants resistant to internet retail and complimentary to Vitamin Shoppe.
DESIRABLE PEORIA LOCATION
•Peoria is the largest city in Illinois outside of the Chicagoland MSA, benefitting from a diverse range of industries and a concentration of higher education institutions.
•The Asset fronts Big Hollow Road, Glen Hollow, and War Memorial Drive, offering unmatched visibility to travelers entering and exiting the Glen Hollow Shopping Center and traveling along War Memorial (28,000+ VPD).
TERRIFIC RETAIL-CENTRIC LOCATION
•Retailers immediately proximate to the Property include Lowes, Target (with internal CVS and Starbucks), PetSmart, Best By, Five Below, Barnes and Noble, and several popular restaurant chains.
•The center benefits from frontage along three busy roads at the mouth of the primary entrance to Glenn Hollow (Target, Lowes, BestBuy, PetSmart).
|Property Subtype||Shopping Center|
|Tenure Type||Sale / Purchase|
|Property Address||5116 N Big Hollow Rd, Peoria, IL 61615-3511|
|Land In Acres||0.28|
|Building Size||10,260 ft2|
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