900 RIVERSIDE DR EAST PEORIA, ILLINOIS ACTUAL SITE. MARK MCLOONE Associate
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1 RETAIL INVESTMENT GROUP, LLC 900 RIVERSIDE DR EAST PEORIA, ILLINOIS $3,053,077 CAP: 6.50% ACTUAL SITE
2 INVESTMENT SUMMARY PRICE: $3,053,077 CAP: 6.50% PROPERTY INFORMATION INVESTMENT HIGHLIGHTS Address: 900 Riverside Dr East Peoria, IL Major redevelopment in 2015 Visibility from I-74 CAP Rate: Lessee: Building Size: Land Area: Lease Expiration: Lease Options: NOI: Lease Type: Increases: Year Built: 6.50% Heartland Apple, Inc. ±5,829 Square Feet ±51,487 Square Feet November 15th, x 5 Year Options $198,450 Absolute NNN Lease 5% Every 5 Years 2005 Wal-Mart & Lowe s Outparcel 19 unit operator High traffic location (±62,000 VPD) 104 parking spaces (17.84:1 ratio) New Applebee s concept build out Nearby Caterpillar manufacturing facility (12,000 employees) The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no representation, guarantee or warranty about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, estimates, opinions use are for example only. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
3 PARCEL MAP
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6 SITE PHOTOGRAPHY ACTUAL SITE - SEPTEMBER 2017
7 ABOUT CATERPILLAR, INC Caterpillar, Inc. (NYSE CAT) has their manufacturing headquarters located along the Illinois River, providing them access to the Great Lakes, and in to the Atlantic Ocean for worldwide distribution. Coast to coast distribution is provided by the Peoria and Pekin Union Railway (owned by Union Pacific, Norfolk Southern, and Canadian National) adjacent to the facility. In August of 2017, Caterpillar landed a $663 Million deal with the United States Department of Defense for commercial construction equipment, with the East Peoria plant as a major producer. As a result, Caterpillar stock hit an all time high (August 2017), and pushed Caterpillar to higher more employees on the campus. In early July 2017, Kroeschell (headquartered in Chicago, IL) opened up a 25,000 square foot facility to support and fabricate custom products for the Caterpillar campus. The products include mechanical, electrical, and plumbing solutions for Caterpillar products.
8 PEORIA ILLINOIS There is nothing average about the average American town of Peoria, where the diverse population and Midwestern vibe has long had entertainment promoters asking, Will it play in Peoria? If you can make it here, you can make it anywhere, or so the logic goes. Its scenic skyline, energetic nightlife, lively performing arts scene and miles of mountain bike trails will have you wondering why you would want to make it anywhere else. Set on the Illinois River, the Peoria Riverfront Museum has a striking, contemporary design. It offers a planetarium, a sculpture garden and a collection of fine art. Northeast, near Peoria Lake, Glen Oak Park includes the Luthy Botanical Garden and the Peoria Zoo. West of the city, Wildlife Prairie Park has forest trails and native animals, including bison, cougars and bears.
5201 WEST WAR MEMORIAL DRIVE, PEORIA, ILLINOIS
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