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.