Corporate NNN Lease – The property is leased to Bimbo Bakeries USA under an NNN lease structure (real estate taxes are reimbursed by tenant), providing a passive, management-free investment.
Attractive Near-Term Lease Rollover with Extension Options – The lease has approximately 3.8 years remaining, offering investors the opportunity to capture lease renewal upside, with three (5-year) extension options remaining.
Investment Grade Global Tenant – Bimbo Bakeries USA operates as a subsidiary of Grupo Bimbo, the largest baking company in the world, with operations in 34 countries and an extensive U.S. distribution network.
Built-In Rental Increases – The lease features 5% rental increases every five years throughout the base term and option periods, providing long-term NOI growth and inflation protection.
Strategic Industrial Distribution Facility – The offering includes a ±13,150 SF industrial building on ±3.73 acres, providing functional space for distribution operations within the Peoria Market.
Excess Land / Value-Add Opportunity – The sale includes an adjacent 2.04-acre Industrial-1 zoned parcel, providing future development potential, expansion capability, or additional monetization opportunities.
Strong Regional Accessibility – The property benefits from proximity to Illinois Route 116 and Interstate 474, allowing efficient distribution throughout the Peoria region.