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Absolute Net Schnucks Grocer

4800 North University Street, Peoria, IL, USA Map

Listing Price $13,335,000

Status Active
Lease Type Absolute Net
Property Type Net Lease
CAP Rate 6.5%
GLA (Sq. Ft.) 86,675
NOI $866,750
Lease Term Remaining 7.5 Years
Increases 3% Every 5 Years
Options 4 x 5 Years
State (BOR) IL
Broker of Record Steven Weinstock
License # (BOR) 471.011175

Investment Highlights

  • Robust Traffic Counts on University Street (24k VPD) and Glen Avenue (19k VPD), and Just Over One Mile off of I-74 (40k VPD) (Source: CoStar, 2025)
    Well Established Retail Area | Nearby National Retailers Include: Hy-Vee, Walmart, Target, Lowe’s, Tractor Supply, Advance Auto, Culver’s, Starbucks, Chili’s, and Local Favorite Peoria Farmers Market
  • Thriving Community with an Average Household Income of Over $68K within Five Miles of the Subject Asset, as of 2024
  • Subject is Just Over 9 Miles from General Wayne Downing Peoria International Airport, Serving Almost Seven Hundred Thousand Passengers Annually (flypia.com)
  • Parks and Outdoor Recreational Facilities Nearby Include: Donovan Park, Prospect Park, Glen Oak Park, Grand View Park, WeaverRidge Golf Club, Burke Golf Course, Newman Golf Course, Peoria Zoo, Peoria Riverfront Museum, and More
  • Subject is 4 Miles from Downtown Peoria with a Population of 110,460

Investment Overview

Subject is a 86,675 Square-Foot Schnucks Grocery with CVS Pharmacy on a 6.27-Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located on a Busy Signalized Intersection | Recent Capex includes Parking Lot Resurfacing. Schnucks has been Recognized by The Wall Street Journal and Deloitte Private as a U.S. Best Managed Company for Four Years in a Row including 2025.

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2020 Marcus & Millichap and Limon Net Lease Group

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