Property Summary

ESSENTIAL INFORMATION

  • Essential Service Asset
  • Corporate Guaranty by Schnucks, Inc.
  • Excellent In-Place Cash Flow
  • Center Location
  • Lease Expiration: February 28, 2023
  • Four 5-year extension option
  • No Early Termination or Purchase Options
  • Pandemic Resistant Business
  • Status CLOSED
  • Area 86,675 Square Footage
  • Location Peoria, Illinois
  • Type Shopping Center
  • Strategy Opportunistic Institutional

Description

Sentinel Net Lease, LLC (“Sentinel”) acquired the Schnucks Fresh Food grocery store (the “Building”) located in Peoria, Illinois. The building totals 86,675 square feet and is 100.0% leased to Schnucks Markets, Inc.

Key Metrics

  • Purchase Price: $7,475,000
  • Net Rentable SF: 86,675
  • 11.8% Capitalization Rate based on Year-1 NOI
  • Estimated 2.6x Equity Multiple
  • Target 23% net IRR to investors

Location

Address

4800 N University St, Peoria, IL 61614