Sun Aire Plaza II 9501 W Peoria Ave

Investment Highlights

Hard corner Close proximity to highway, entertainment, restaurants etc... Frontage off of major street

Executive Summary

This is a great opportunity for investors looking for growth potential in a rapid expanding Peoria market with a 6.7% cap rate.Sun Aire Plaza II is a 100% occupied retail strip center with diverse multi-tenants.The building is 16,470 square feet, sits on almost 1.5 acre lot, fronts a major street with high traffic counts, monument signage, ample on site parking, high visibility and easy access to Loop 101.The plaza is also close proximity to Peoria's P83, Downtown Peoria, State Farm Stadium, Westgate Entertainment Center, as well as surrounded by an array of new development projects slated to open 2024-2025 such as VAI Resort, Stadium Point in addition to numerous multifamily and residential projects densely populated and adjacent to the Loop 101.Drive by only. Please DO NOT disturb tenants!

• Sale Type    Investment
• Sale Conditions    1031 Exchange 1031 Exchange Redevelopment Project 1031 Exchange
• Property Type    Retail
• Property Subtype    Storefront Retail/Office Storefront Retail/Office General Retail Convenience Store General Retail Freestanding General Retail Restaurant Storefront Retail/Office
• Building Size    16,470
• Building Class    B
• Year Built    1979
• Price    2,950,000
• Price Per SF    179
• Cap Rate    6.71
• NOI    197,841
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.26
• Land Acres    1.47 AC