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Restaurant

Former TGI Friday's

5300 W War Memorial Dr, Peoria, IL 61615

Listing Price: $1,630,000

Cap Rate
9.00%
Tenant Name
TNC Retail Investments LLC
Gross SF
6,121
Guarantor
Private Guarantee
Rentable SF
6,121
Price/Gross SF
$266.30
Lease Type
Absolute Net
Rent Per Square Feet
$24.00

Investment Overview

The subject property is a vacant sit down restaurant located in Peoria, Illinois. The property consists of +/-6,121 sq. ft. of improvements situated on +/-1.68 acres of land just 15.8 miles from downtown Chicago, providing for 121 on-site parking spaces. Originally constructed in 2006 for TGI Friday's, the building was remodeled in 2017 and then remodeled in May, 2021 for Jersey Crab who vacated the property in May, 2022. The building offers tenant signage available on a large shared monumental sign, while also offering kitchen equipment for a turn-key restaurant. The location is appealing because it offers easy access to Highway 6 and is situated directly across the street from The Shoppes at Grand Prairie, a modern outdoor lifestyle center anchored by Dick's Sporting Goods, At Home, Marshall's and HomeGoods. There are 5 national branded hotels located within blocks from the subject property along with the AMC Grand Prairie 18 Theaters. The city of Peoria is the county seat to Peoria with a population reported at 111,388. Average Household Income within a 1-mile radius from subject property is reported at $139,710 with over 64,111 residents within a 5-mile radius.

Investment Highlights

  • Ideal owner/user opportunity
  • Property offers excellent street frontage of 142 feet onto a 6-lane road and easy access to Highway 6
  • +/-6,121 s.f. restaurant situated on +/-1.68 acres of land providing abundant on-site parking

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Restaurant

Former TGI Friday's

Listing Price: $1,630,000

Cap Rate
9.00%
Tenant Name
TNC Retail Investments LLC
Gross SF
6,121
Guarantor
Private Guarantee
Rentable SF
6,121
Price/Gross SF
$266.30
Lease Type
Absolute Net
Rent Per Square Feet
$24.00

Investment Highlights

  • Ideal owner/user opportunity
  • Property offers excellent street frontage of 142 feet onto a 6-lane road and easy access to Highway 6
  • +/-6,121 s.f. restaurant situated on +/-1.68 acres of land providing abundant on-site parking

Investment Overview

The subject property is a vacant sit down restaurant located in Peoria, Illinois. The property consists of +/-6,121 sq. ft. of improvements situated on +/-1.68 acres of land just 15.8 miles from downtown Chicago, providing for 121 on-site parking spaces. Originally constructed in 2006 for TGI Friday's, the building was remodeled in 2017 and then remodeled in May, 2021 for Jersey Crab who vacated the property in May, 2022. The building offers tenant signage available on a large shared monumental sign, while also offering kitchen equipment for a turn-key restaurant. The location is appealing because it offers easy access to Highway 6 and is situated directly across the street from The Shoppes at Grand Prairie, a modern outdoor lifestyle center anchored by Dick's Sporting Goods, At Home, Marshall's and HomeGoods. There are 5 national branded hotels located within blocks from the subject property along with the AMC Grand Prairie 18 Theaters. The city of Peoria is the county seat to Peoria with a population reported at 111,388. Average Household Income within a 1-mile radius from subject property is reported at $139,710 with over 64,111 residents within a 5-mile radius.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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