1706 Calumet Ave - Car Washes FOR SALE


Valparaiso, IN 46383
$4,148,000 USD
480-221-4221
1706 Calumet Ave, Valparaiso, IN for Sale
$4,148,000 USD
Car Washes - FOR SALE
1/4
null | 6.75% Cap Rate

1706 Calumet Ave
Valparaiso, IN 46383


HIGHLIGHTS

  • 7 Years Remaining | Options To Extend | Scheduled Rental Increases | Circle K Credit
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Signalized, Hard-Corner Intersection (35,500 VPD) | Strong National/Credit Tenant Presence
  • 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 their 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

$4,148,000 USD

PRICE/SF

$716 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

B

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

-

APN/PARCEL ID

64-09-13-426-058.000-004

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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