Knoxville Plaza

Highlights:

• 23,856 sq. ft. retail strip center
• Anchored by Rent-A-Center & Arona Home Essentials
• Early Lease Extensions by Tenants
• New Roof 12/2022 with 20-year transferable warranty
• Newly re-sealed parking lot and striping in spring of 2023
• 3 new HVAC systems in 2023
• All new LED bulbs in parking lot
• Close proximity to major economic & traffic drivers
• Additional income from REA with adjacent owner

Description:

Introducing an exceptional retail strip center opportunity in Peoria, Illinois. This 23,856 sq. ft. property is home to Rent-A-Center and Arona Home Essentials, offering a strong anchor for prospective investors. With tenants extending leases early, a new roof with a 20-year warranty, and recent upgrades including HVAC systems and LED lighting, this property is primed for long-term success. The newly re-sealed parking lot and close proximity to major economic and traffic drivers further enhance its appeal. Additionally, the property generates additional income from a reciprocal easement agreement, making it an attractive investment opportunity in a thriving area.

Discover the potential of Knoxville Plaza and its surrounding area in Peoria, IL. Situated in the bustling heart of the city, this prime location offers an array of nearby points of interest for a retail or strip center. Just moments away, the popular Northwoods Mall attracts a steady stream of shoppers, while the Shoppes at Grand Prairie offers a diverse selection of retail and dining options. Nearby Bradley University adds a dynamic energy to the area, drawing in students and faculty. With easy access to major roadways and a loyal local customer base, the opportunities at this location are endless for prospective retailers.