1209 N Prospect Ave - Circle K Car Wash | 7yrs Remain Corp Abs NNN
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1209 N Prospect Ave - Circle K Car Wash | 7yrs Remain Corp Abs NNN
6,886 SF Specialty Building Offered at $3,939,000 at a 6.75% Cap Rate in Champaign, IL 61820
Investment Highlights
- 7 Years Remaining | Options To Extend | Scheduled Rental Increases | Circle K Credit
- Target and Lowes Anchored Center | Dense Retail Corridor |Market Place Shopping Center
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• 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
• 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
Property Facts
| Price | $3,939,000 | Lot Size | 0.78 AC |
| Price Per SF | $572 | Building Size | 6,886 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.75% | Year Built | 2001 |
| Property Type | Specialty | Parking Ratio | 2.03/1,000 SF |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Building Class | C |
| Price | $3,939,000 |
| Price Per SF | $572 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.78 AC |
| Building Size | 6,886 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Parking Ratio | 2.03/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
- Signage
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Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $128,940 | |
| Land Assessment | $133,790 | Total Assessment | $262,730 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$133,790
Improvements Assessment
$128,940
Total Assessment
$262,730
zoning
| Zoning Code | CG |
| CG |
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1209 N Prospect Ave - Circle K Car Wash | 7yrs Remain Corp Abs NNN
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