Restaurant

Former TGI Friday's

5300 W War Memorial Dr, Peoria, IL 61615

Listing Price: $1,700,000

Cap Rate
10.93%
Tenant Name
Fifth Day Restaurants, LLC
Years Remaining On Lease
12.5
Gross SF
6,121
Guarantor
Franchisee Guarantee
Rentable SF
6,121
Price/Gross SF
$277.73
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.34

Investment Overview

Strategically located off the street from The Shoppes at Grand Prairie include Marshalls, Starbucks, Dicks Sporting Goods

Investment Highlights

  • Surrounded by national retailers
  • Over 14 years remaining on Absolute NNN Lease
  • 10% fixed rent increases every 5 years

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    License(s): IL: 471.011175

    Illinois

Listing Price: $1,700,000

Cap Rate
10.93%
Tenant Name
Fifth Day Restaurants, LLC
Years Remaining On Lease
12.5
Gross SF
6,121
Guarantor
Franchisee Guarantee
Rentable SF
6,121
Price/Gross SF
$277.73
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.34

Investment Highlights

  • Surrounded by national retailers
  • Over 14 years remaining on Absolute NNN Lease
  • 10% fixed rent increases every 5 years

Investment Overview

Strategically located off the street from The Shoppes at Grand Prairie include Marshalls, Starbucks, Dicks Sporting Goods

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    License(s): IL: 471.011175

    Illinois

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