Paradise Cap Spa | 12621 N Paradise Valley Pky
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Paradise Cap Spa 12621 N Paradise Valley Pky
20,228 SF Retail Building Phoenix, AZ 85032 $5,600,000 ($277/SF) 6.50% Cap Rate
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
20,228 SF
Building Class
C
Year Built/Renovated
1984/2019
Price
$5,600,000
Price Per SF
$277
Cap Rate
6.50%
NOI
$364,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.24
Lot Size
1.95 AC
Opportunity Zone
Yes
Zoning
RSC - Regional Shopping Center
Amenities
- Signage
- Air Conditioning
Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (80)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 167-25-013A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $432,700 |
PROPERTY TAXES
Parcel Number
167-25-013A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$432,700
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Paradise Cap Spa | 12621 N Paradise Valley Pky
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