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
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
Gallery
Location
Address
4800 N University St, Peoria, IL 61614