Valvoline NNN Property For Sale — Peoria, IL
3421 N University Avenue, Peoria, IL 61604
This single-tenant Valvoline Instant Oil Change property, constructed in 2022, offers a corporately guaranteed, triple-net ground lease with zero landlord responsibilities. The 15-year lease commenced on July 28, 2022, and includes 10% rental escalations every five years with four 5-year renewal options. Strategically located at a signalized hard corner on North University Avenue, which sees 26,200 vehicles per day, the property benefits from strong surrounding retail presence including Walmart, ALDI, Ace Hardware, and Walgreens. It is also in close proximity to Interstate 74 (40,900 VPD) and War Memorial Drive (30,200 VPD), ensuring consistent traffic flow. The area boasts a population of 119,234 within five miles, with an average annual household income of $77,783. Valvoline Inc. is a l…
- Address: 3421 N University Avenue, Peoria, IL 61604
- Asking price $1.65M
- 5.00% cap rate
- NOI $82,500
- 10.9 years remaining
- NNN lease
- Year built: 2022
- Building size: 1,891 SF
- Lease expiration: Jul 27, 2037
- Rent increases: 10% every five years
- Guarantor: Corporate
Location
This Valvoline property is at 3421 N University Avenue in Peoria, Illinois.
Asset type: Retail