4200 N STERLING AVE

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4200 N STERLING AVE

PEORIA, IL 61615
Asking Price
$2.70M
Cap Rate
5%
Asset Type
QSR/Fast Food Retail
Class
Class B

What's Special

5.00% Cap Rate | Top Location | 2025 Construction <ul><li>​Top-performing location in Illinois and nationwide since opening; contact broker for details</li><li>​Absolute NNN ground lease with zero landlord responsibilities</li><li>​Long-term 15-year lease</li><li>​2025 construction</li><li>​$6.6M average unit volume (AUV) — the 2nd highest among the QSR Top 50, trailing only Chick-fil-A</li><li>​This is the only Raising Cane’s location within a 40-mile radius</li><li>​Outparcel to Northwoods Mall, the largest enclosed shopping center in the tri

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NOI
$80,000
Cap Rate
2.96%
DSCR
0.50
Underwater
Cash-on-Cash
-9.91%
Monthly Payment
$13,358.127
Annual Cash Flow
$-80,297.522

Location & Travel Times