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Great American Insurance

NNN Lease | Landlord has Roof and Parking Lot Replacement Responsibility

Lease Backed by International Publicly Traded Company
Ideally Located Adjacent to the Peoria Airport and Routes 6 and 40
NNN Lease | Landlord has Roof and Parking Lot Replacement Responsibility
Meticulously Maintained Property
Single-Tenant Office Building | 12,165 Square Feet
Build-To-Suit in 2003

1315 West Commerce, Peoria, IL 61615

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Market Summary

Price                                        $1,976,810

Cap Rate                                         8.00%

Rentable SF                              12,165 SF

Price per SF                                 $162.50

Year Built                                          2003

Lot Size                                     1.15 Acres

Description

Marcus & Millichap is pleased to present the Great American Insurance building in Peoria, Illinois. The property is a build-to-suit for the company and was constructed in 2003, with the tenant taking possession in September. This particular location is the regional office for the Crop Insurance Group covering Illinois, Indiana, Michigan and Ohio.

Great American Insurance is a subsidiary of American Financial Group which trades on the New York Stock Exchange (AFG ). The company, which is headquartered in Cincinnati, Ohio, is committed to delivering financial solutions that fulfill today's needs and tomorrows dreams. They enable individuals and businesses to manage financial risk by providing insurance products to meet their specific and ever-changing financial risk exposures. Their Specialty P&C Insurance Group offers specialized commercial products for businesses; the Annuity Group provides fixed and fixed-indexed annuities in the financial institution, retail and education markets. The insurance operations are members of Great American Insurance Group, whose history dates back to 1872, with the founding of Great American Insurance Company. Nearly 8,500 employees in approximately 120 locations throughout North America and Europe provide the strength and expertise that make AFG a leader in the financial services marketplace.

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