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Advance Auto Parts 505 N Western Ave 8,050 SF Retail Building Peoria, IL 61604 $1,162,342 CAD ($144.39 CAD/SF) 7% Cap Rate

Retail Buildings Illinois Peoria 505 N Western Ave, Peoria, IL 61604

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Investment Highlights

  • Advance Auto signed a brand new 15-year lease in 2020, confirming their commitment to the location and market
  • Attractive 10% rent increase in 2028 (cap rate increase to 7.70%, assuming a purchase at list price)
  • ±17,400 Vehicles daily in front of the store along Western Avenue
  • RARE Absolute NNN lease for Advance Auto Parts
  • ±7.50-Years remaining on the base term of an initial 15-year lease
  • 5-Mile population of ±118,546 residents

Executive Summary

Broker of Record
Matthew M. Fitzgerald
License # 478027547 (IL), 471021676 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,050 SF
Building Class
B
Year Built
1995
Price
$1,162,342 CAD
Price Per SF
$144.39 CAD
Cap Rate
7%
NOI
$81,364 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.80 AC
Zoning
C
Parking
30 Spaces (3.73 Spaces per 1,000 SF Leased)
Frontage
114’ on N Western Ave

Amenities

  • Pylon Sign

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

Advance Auto Parts, Inc. est l'un des principaux fournisseurs de pièces de rechange automobiles qui sert à la fois les installateurs professionnels et les clients de bricoleurs. Au 5 octobre 2024, Advance exploitait 4 781 magasins principalement aux États-Unis, et d'autres au Canada, à Porto Rico et aux îles Vierges américaines. L'entreprise a également desservi 1 125 magasins indépendants de marque Carquest dans ces endroits, en plus du Mexique et de diverses îles des Caraïbes.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - -

Links

1 1
Walk Score®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
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What is a Walk Score®
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of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Property Taxes

Parcel Numbers
Multiple
  • 18-07-232-009
  • 18-07-232-008
 Improvements Assessment $230,740 CAD
Land Assessment $64,769 CAD Total Assessment $295,509 CAD

Property Taxes

Parcel Numbers
Multiple
  • 18-07-232-009
  • 18-07-232-008
Land Assessment
$64,769 CAD
Improvements Assessment
$230,740 CAD
Total Assessment
$295,509 CAD
(214) 692-2289

Still interested?

Contact the broker for more information about this property

Contact

  • Listing ID: 39488441

  • Date on Market: 2026-02-19

  • Last Updated:

  • Address: 505 N Western Ave, Peoria, IL 61604

The West Peoria Retail Property at 505 N Western Ave, Peoria, IL 61604 is currently available. Contact Matthews Real Estate Investment Services for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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505 N Western Ave, Peoria, IL for sale Primary Photo- Image 1 of 4
LoopNet-001 - web photo - Advance Auto Parts - West Peoria, IL - OM_loopnet(with logo) (1)
505 N Western Ave, Peoria, IL for sale Building Photo- Image 2 of 4
LoopNet-003 - tenant map - Advance Auto Parts - West Peoria, IL - OM_loopnet(with logo)
505 N Western Ave, Peoria, IL for sale Building Photo- Image 3 of 4
LoopNet-002 - web photo - Advance Auto Parts - West Peoria, IL - OM_loopnet(with logo) (1)
1 of 1
Advance Auto Parts | 505 N Western Ave
(214) 692-2289 x

Advance Auto Parts | 505 N Western Ave

Josh Bishop
(214) 692-2289

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