Retail Investment Opportunity--Tony's Five Star Transmission
Listing was updated at: 04/24/2019
Property Overview
Price/Rent PSF $ 540,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 4,000
Date Available 04/18/2019
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Floors 1
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Description

Location
This ±4,000 SF (approximatley 100' x 40') steel construction industrial building with pitched roof and fully fenced lot is occupied by Tony's Five Star Transmission Service in Suntown Center, just west of Loop 101 on 96th Avenue in Peoria. Suntown Center subdivision is home of several automotive related businesses and other light industrial companies.

Sale
This ±4,000 SF (approximatley 100' x 40') steel construction industrial building with pitched roof and fully fenced lot is occupied by Tony's Five Star Transmission Service in Suntown Center, just west of Loop 101 on 96th Avenue in Peoria. Suntown Center subdivision is home of several automotive related businesses and other light industrial companies. The tenant has occupied the premises for more than 6 years and recently renewed the lease (April 2018) for an additional 5 years. There is one additional 5-year option to renew in April 2023. The building comes equipped with 6 hydraulic lifts (4 indoor and 2 outdoor under steel cover), parts cleaning machines, lights, compressors and air lines. There are 2 extra wide roll-up doors. The office is cooled by and HVAC unit while the garage is cooled by evaporative coolers on the back wall of the building. Tenant pays utilities, maintenance, and garage owner's insurance. Landlord pays taxes and minimal liability insurance. Tax records show 11,876 SF for the lot. However, the fenced parking area has been expanded to take in a portion of the adjacent land designated for drainage. Owner will consider a seller carryback with sufficient down payment and reasonable terms to a qualified buyer. Zoning is C-R (County) and C-4 (City of Peoria).

Location