540 W Camp St - Commercial LAND FOR SALE


East Peoria, IL 61611 65,340 SF
$5,600,000 USD
480-622-0050
540 W Camp St, East Peoria, IL for Sale
$5,600,000 USD
Commercial LAND - FOR SALE
1/2
65,340 SF

540 W Camp St
East Peoria, IL 61611


HIGHLIGHTS

  • Lease Type: Absolute Triple-Net (NNN)
  • Cap Rate: 6.5%
  • Base Rent: $363,000 Annually
  • Lease Term Remaining: 19.4 Years
  • Renewal Options: Four 5-Year Options
  • Rent Increases: 2% Annually

OVERVIEW

Commercial Plus, LLC presents a real estate investment opportunity in East Peoria, Illinois. The 1.5-acre property features a 5,970-square-foot building, completed in 2019, designed for modern express car wash operations. Located in a high-traffic corridor along West Camp Street with 211 feet of frontage, the property is surrounded by major retailers such as Target, Aldi, and Costco, as well as prominent industrial employers like Caterpillar, Inc., which employs 12,000 people. The tenant, Sparkle Express Car Wash, is a rapidly growing operator with more than 19 locations across Georgia, South Carolina, and Illinois. The area also boasts strong demographics, with a projected 2024 population of 113,934 within a five-mile radius, 48,132 households, and an average household income of $63,196. This combination of tenant stability, strategic location, and robust local demographics makes the property an attractive, long-term investment. Leona Voltz | Commercial Plus, LLC Illinois BR Lic. #471.007448 In Conjunction With Alex Pavone | Commercial Plus, LLC Arizona RE Lic. #SA662387000

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/ACRE

$3,733,333/AC

PRICE/SF

$86 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Car Wash Real Estate Investment Opp #cw24-il

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Car Wash

LAND ACRES

1.5 AC

LAND SF

65,340 SF

OFFSITE IMPROVEMENTS

Water, Electricity, Gas, Cable, Telephone

ZONING

-

APN/PARCEL ID

01-01-29-405-010

ASK ABOUT THIS PROPERTY

Alexander PavoneCommercial Plus GroupMore Info
480-622-0050

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Alexander PavoneCommercial Plus GroupMore Info
480-622-0050

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