6245 N 2nd St - Car Washes FOR SALE


Loves Park, IL 61111
$5,600,000 USD
332-345-4222
6245 N 2nd St, Loves Park, IL for Sale
$5,600,000 USD
Car Washes - FOR SALE
1/2
null | 6.75% Cap Rate

6245 N 2nd St
Loves Park, IL 61111


HIGHLIGHTS

  • 20-Year Absolute Triple Net (NNN) Lease
  • Attractive Rent Increases
  • Corporate Guarantee

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Tsunami Express Car Wash located at 6245 N 2nd St, Loves Park, IL 61111. The site consists of roughly 4,900 rentable square feet of building space on an estimated 2-acre parcel of land. This Tsunami Express Car Wash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $378,000 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$1,287 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tsunami Express Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,542 SF

ZONING

-

APN/PARCEL ID

12-06-104-001

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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