8412 Knoxville Avenue, Peoria, IL, USA

Peoria, Illinois

Google Map

Total Square Feet

±6,889

Total Acreage

±0.95

Asking Price

$1,650,000

NOI

$115,000

Building Size

±6,889 SF

Advance Auto Parts, Inc. (NYSE: AAP) is one of the largest automotive aftermarket parts providers in the United States, operating more than 4,200 company locations across the country
Advance Auto Parts has been a Fortune 500 company for over 20 years, generating over $8.6 billion in revenue in 2025
Advance Auto Parts’ national presence, essential product offering, and recurring demand tied to routine vehicle maintenance and repair, drives consistent customer traffic and long term cash flow for the landlord
Advance Auto Parts has 4.75 years remaining on their current lease with three 5-year options remaining. The option periods include +5% rental increases in each period
Tenant is on a NN lease, reducing the financial responsibilities of the landlord and stabilizing cash flow
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
The property is in Peoria County, which is regarded as the economic and healthcare hub of Central Illinois with major employers such as Caterpillar (12,000 employees) and OSF Healthcare (13,500 employees)
32,421 population within a 3-mile radius
$127,452 average household income within a 3-mile radius