Investment Overview

Marcus & Millichap is pleased to exclusively represent for sale Thunderbird Commerce Park, an eight-building small/mid-bay industrial park located at 125 Thunderbird Lane in East Peoria, Illinois. The park consists of ~146,214 square feet RBA situated on 12.32 acres. Historically high long-term occupancy (99 percent occupied) with nine tenants in-place for 10-plus years (47 percent RBA). Thunderbird Commerce Park is leased to 30 tenants across 36 suites and features a diversified mix of local, regional, and national users. The park is anchored by publicly traded and credit tenants including Ferguson (NYSE: FERG, S&P BBB+), SiteOne Landscape Supply (NYSE: SITE, S&P BB), NuMotion (Moody's B3) and Water Solutions Unlimited (NASDAQ: HWKN). The property offers immediate cash flow and significant upside, with in-place rents averaging $5.06 per square foot (~36 percent below the submarket average of $8.00 triple-net per Co-Star). The park is 74 percent leased on a triple-net basis. With a 2.35-year WALT and staggered lease expirations, investors can gradually mark rents to market while limiting rollover risk. Additional upside exists through potential conversion of remaining leases to triple-net plus potential to develop a building up to 12,000 square feet on the remaining undeveloped lot or utilize it for IOS/laydown yard. Located just 1.5 miles from I-74 (59,300 VPD) and 0.5 mile from the US-150 and US-24 interchange (30,800 VPD), Thunderbird Commerce Park benefits from exceptional accessibility throughout Central Illinois and the Midwest, with ~80 percent of the U.S. population within a two-day drive. The East Peoria industrial submarket has no vacancy (CoStar, July 2026). The area is supported by major employers including Caterpillar, Komatsu, Carle Health, OSF HealthCare, and manufacturing and logistics firms. Thunderbird Commerce Park is positioned in a supply-constrained industrial market with strong occupancy fundamentals, diversified tenancy, and multiple avenues for income growth. Thunderbird Commerce Park presents investors with a rare opportunity to acquire a core plus industrial park with durable cash flow and long-term upside.