2805 E Empire St - Car Washes FOR SALE


Bloomington, IL 61704
$3,485,000 USD
480-221-4221
2805 E Empire St, Bloomington, IL for Sale
$3,485,000 USD
Car Washes - FOR SALE
1/7
null | 6.75% Cap Rate

2805 E Empire St
Bloomington, IL 61704


HIGHLIGHTS

  • 7 Years Remaining | Options To Extend | Scheduled Rental Increases | Circle K Credit
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong Retail Corridor | Eastland Mall
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, True Blue Car Wash (Circle K backed) investment property located in Bloomington, Illinois. 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 rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The lease is backed by Circle K, while the car wash is branded True Blue.

FOR SALE DETAILS

PRICE

$3,485,000 USD

PRICE/SF

$1,049 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Circle K | 7yrs Remain Corp Abs NNN

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

Commercial

APN/PARCEL ID

21-01-202-001

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.