Prime Penske Truck Leasing Absolute NNN Investment | East Peoria, IL

An outstanding commercial real estate acquisition opportunity in the industrial and logistics hub of East Peoria, Illinois. Offered at an accessible $700,000 purchase price, this single-tenant net-lease property features a 3,750-square-foot industrial/retail fleet facility situated on an expansive 4.58-acre parcel. Fully leased to Penske Truck Leasing, an industry-leading corporate tenant, this mission-critical asset delivers a 5.68% cap rate with zero landlord management responsibilities.

Investment Specifications & Financial Overview

• Purchase Price: $700,000

• Cap Rate: 5.68%

• Tenant: Penske Truck Leasing Co. (Corporate Guarantee)

• Property Type: Net-Lease Fleet Logistics / Retail Industrial / IOS

• Building Size: 3,750 SF

• Lot Size: 4.58 Acres

• Year Built: 1975

• Lease Structure: Absolute NNN (Zero Landlord Responsibilities)

• Occupancy: 100% Single-Tenant

Mission-Critical Asset with Industry-Leading Corporate Credit

Penske Truck Leasing is a global leader in transportation services, operating more than 1,000 locations nationwide. This facility serves as a vital operational node for truck rental, maintenance, and fleet logistics, supported by long-term tenant history:

• Proven Operational Commitment: Penske has operated successfully at this specific location since 2006, executing 3 successive renewal options without objection to rent increases or terms.

• 100% Passive Absolute NNN Lease: The tenant covers all operating expenses, taxes, insurance, maintenance, and repairs, providing a hassle-free, passive income stream.

• Built-In Income Growth: The lease structure features periodic rental increases (approximately 9%+ at option periods), creating automatic inflation protection and cash flow appreciation.

• Industrial Outdoor Storage (IOS) Value: Featuring a high-value 4.58-acre footprint, the parcel accommodates large vehicle turning radii, equipment staging, and fleet parking—a high barrier-to-entry asset class in high demand across the logistics sector.

Strategic East Peoria Transportation Corridor

Positioned within the greater Peoria submarket, the property enjoys seamless connectivity to major regional transportation infrastructure:

• I-74 Logistics Access: Quick access to the Interstate 74 corridor enables rapid transit across Illinois and the broader Midwest freight networks.

• Robust Local Economy: Located near East Peoria's thriving commercial district and major regional traffic generators, including the popular Levee District retail hub.

• Supply-Chain Driven Submarket: Capitalizes on sustained regional demand for distribution, e-commerce support, and heavy transport servicing.

Key Investment Highlights

• Accessible $700,000 Entry Price Point for a corporate-guaranteed net-lease asset.

• 5.68% Cap Rate with steady rental escalation potential at option renewals.

• Absolute NNN Lease Structure with zero landlord obligations.

• 20+ Year Tenant Operational History on-site dating back to 2006.

• Rare 4.58-Acre Fleet/IOS Layout supporting mission-critical supply chain operations.

• Strong Corporate Credit backed directly by Penske Truck Leasing Co.