1209 N Prospect Ave - Car Washes FOR SALE


Champaign, IL 61820
$3,939,000 USD
480-221-4221
1209 N Prospect Ave, Champaign, IL for Sale
$3,939,000 USD
Car Washes - FOR SALE
1/4
null | 6.75% Cap Rate

1209 N Prospect Ave
Champaign, IL 61820


HIGHLIGHTS

  • 7 Years Remaining | Options To Extend | Scheduled Rental Increases | Circle K Credit
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Target and Lowes Anchored Center | Dense Retail Corridor |Market Place Shopping Center
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• The tenant will have 7 years of term remaining with 4 (5-year) options to extend, demonstrating commitment to the site • The lease features annual increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation • The lease is backed by Circle K, while the car wash is branded True Blue

FOR SALE DETAILS

PRICE

$3,939,000 USD

PRICE/SF

$1,061 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Circle K Car Wash | 7yrs Remain Corp Abs NNN

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,976 SF

ZONING

CG

APN/PARCEL ID

41-20-02-476-022,41-20-02-476-023

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.