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Byrider
1613 West Pioneer Parkway, Peoria, IL 61615
$1,556,897
Cap Rate 7.25%
Summary
| Price $1,556,897 | Built/Renov 2014 | Tenant Byrider |
| Cap Rate 7.25% | Lease Type
NN+ | Guarantor Corporate |
| Size/SF
6,614
| Lease Start
08-01-2018
| #Units
134
|
| Price/SF $235.39 | Expiration
07-31-2028
| Tenant Type Automotive |
| NOI $112,875 | R. Term 4.7 | Ownership Fee Simple |
| Rent/SF
$17.07
| Increases 10.0%/5/yrs | Pop 5Mi 91,591 |
| Lot/AC 2.24 | Options 8/5yrs/10% | AHHI 5Mi $103,283 |
| | |
Lease Highlights
- Byrider Sales of Indiana, LLC has 4 years remaining on their current lease with 8 (5-year) options to extend
- Lease features CPI-based increases in each option
- The CPI escalations are capped at 10% per rent increase
- Favorable NN+ lease with landlord responsible for roof & structure
- Corporate guaranteed lease
Location Description
Byrider is strategically situated along West Pioneer Parkway with a daily traffic count of 18,800 vehicles and in close proximity to North Knoxville Avenue (30,500 VPD). This thoroughfare is home to various automotive brands, including BMW, Chevrolet, Ford, Dodge, Jeep, RAM, Chrysler, Honda, Hyundai, Mazda, and Volvo. The surrounding area is also populated by well-known retailers such as...
...Features
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Dense retail corridor
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Near major nationals
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Strategically located
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Strong tenant synergy
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Affluent AHHI $100K 5 Mi
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Major MSA
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Favorable NN+ lease
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Corporate Guarantee
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Over 100 Units backed
...
Maps
Tenant
- Tenant: Byrider
- Guarantor:Corporate
- Company:Altamont Capital Ptrs
- # Units:134
- Stock:Private
About Tenant
Byrider is a leading US used car and finance franchise. It is the only small business franchise opportunity in America that also allows franchisees to operate as a bank or lender, to sell their...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 4,792 | 40,256 | 89,972 |
| 2023 Total Population : | 4,892 | 40,840 | 91,438 |
| 2023 Employed Civilian Pop : | 2,554 | 19,959 | 43,702 |
| 2023 Total Businesses : | 812 | 2,154 | 3,464 |
| 2023 Average Household Income : | $ 86,529 | $ 106,241 | $ 96,535 |
| 2023 Total Consumer Spending : | $ 176 M | $ 1643 M | $ 3317 M |
| 2023 Median Age : | 39 | 41 | 41 |
| 2023 Total Households : | 2,367 | 18,064 | 39,924 |
| 2023 Pop Age 25+: Bachelor's Degree : | 957 | 8,415 | 16,814 |
| 2023 Average Home Value : | $ 183,037 | $ 214,130 | $ 189,842 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| W Pioneer Pkwy | N Sommer St | 2008 | 18,800 | 0.03 mi |
| W Candletree Dr | W Viking Ct | 2008 | 2,700 | 0.20 mi |
| W Altorfer Dr | N University St | 2008 | 1,250 | 0.20 mi |
| N University St | W Pioneer Pkwy | 2008 | 18,300 | 0.21 mi |
| N University St | W Pioneer Pkwy | 2008 | 10,000 | 0.22 mi |
| N University St | W Candletree Dr | 2008 | 18,300 | 0.23 mi |
| N Sommer St | W Pioneer Pkwy | 2008 | 1,200 | 0.23 mi |
| W Pioneer Pkwy | N University St | 2002 | 16,700 | 0.25 mi |
| N Sommer St | W Candletree Dr | 2008 | 3,200 | 0.25 mi |
| W Pioneer Pkwy | N Sommer St | 2008 | 21,300 | 0.27 mi |
