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Advance Auto Parts 8412 N Knoxville Ave 6,889 SF Retail Building Peoria, IL 61615 $2,321,105 CAD ($336.93 CAD/SF) 6.97% Cap Rate
Investment Highlights
- Advance Auto Parts, Inc. (NYSE: AAP) is one of the largest automotive aftermarket parts providers in the United States
- Advance Auto Parts has 4.75 years remaining on their current lease with three 5-year options remaining
- The asset is located on the northeast corner of the intersection of Knoxville Ave and W Altorfer Ln in Peoria, with an AADT of 20,400
- Advance Auto Parts has been a Fortune 500 company for over 20 years, generating over $8.6 billion in revenue in 2025
- Tenant is on a NN lease, reducing the financial responsibilities of the landlord and stabilizing cash flow
- The property is in Peoria County, which is regarded as the economic and healthcare hub of Central Illinois
Executive Summary
RIPCO Real Estate is pleased to offer for sale 8412 Knoxville Ave, a 6,889 SF commercial property located on the northeast corner of the intersection of Knoxville
Ave and W Altorfer Lane in Peoria, IL. The property is leased to Advance Auto Parts on a NN basis and operates as a convenience-focused automotive retail business
that supplies parts, batteries, fluids, and basic care products to a steady base of local and repeat customers. Advance Auto Parts, Inc. (NYSE: AAP) is one of the largest
automotive aftermarket parts providers in the United States, operating more than 4,300 company locations across the country. Advance Auto Parts has occupied the
property since 2016 with five years remaining on the current term. This stretch of Knoxville Ave where the property is located has an AADT of 20,400. Within 3 miles of
8412 Knoxville Ave, there is a population of 32,421 and an average household income of $127,452.
The asset would be an attractive opportunity for investors looking for minimal landlord responsibilities, occupied by a strong national tenant with dedication to the
location, and located on Knoxville Ave, a primary north-south arterial road in Peoria.
Ave and W Altorfer Lane in Peoria, IL. The property is leased to Advance Auto Parts on a NN basis and operates as a convenience-focused automotive retail business
that supplies parts, batteries, fluids, and basic care products to a steady base of local and repeat customers. Advance Auto Parts, Inc. (NYSE: AAP) is one of the largest
automotive aftermarket parts providers in the United States, operating more than 4,300 company locations across the country. Advance Auto Parts has occupied the
property since 2016 with five years remaining on the current term. This stretch of Knoxville Ave where the property is located has an AADT of 20,400. Within 3 miles of
8412 Knoxville Ave, there is a population of 32,421 and an average household income of $127,452.
The asset would be an attractive opportunity for investors looking for minimal landlord responsibilities, occupied by a strong national tenant with dedication to the
location, and located on Knoxville Ave, a primary north-south arterial road in Peoria.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,889 SF
Building Class
C
Year Built
2016
Price
$2,321,105 CAD
Price Per SF
$336.93 CAD
Cap Rate
6.97%
NOI
$161,774 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.96 AC
Zoning
C1 - C1- General Commercial
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-04-301-004 | Improvements Assessment | $316,388 CAD |
| Land Assessment | $184,493 CAD | Total Assessment | $500,880 CAD |
Property Taxes
Parcel Number
14-04-301-004
Land Assessment
$184,493 CAD
Improvements Assessment
$316,388 CAD
Total Assessment
$500,880 CAD
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Advance Auto Parts | 8412 N Knoxville Ave
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