1307 Joliet St - Circle K Car Wash | 7yrs Remain Corp Abs NNN
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1307 Joliet St - Circle K Car Wash | 7yrs Remain Corp Abs NNN
2,345 SF Specialty Building Offered at $3,653,000 at a 6.75% Cap Rate in Dyer, IN 46311
INVESTMENT HIGHLIGHTS
- 7 Years Remaining | Options To Extend | Scheduled Rental Increases | Circle K Credit
- Dyer Town Center | Crossroads Shopping Center | Dense Retail Corridor
- 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 | $3,653,000 | Building Class | B |
| Price Per SF | $1,557.78 | Lot Size | 0.43 AC |
| Sale Type | Investment | Building Size | 2,345 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2013 |
| Property Subtype | Car Wash | Parking Ratio | 12.79/1,000 SF |
| Price | $3,653,000 |
| Price Per SF | $1,557.78 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.43 AC |
| Building Size | 2,345 SF |
| No. Stories | 1 |
| Year Built | 2013 |
| Parking Ratio | 12.79/1,000 SF |
AMENITIES
- Signage
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PROPERTY TAXES
| Parcel Number | 45-11-18-201-011.000-034 | Improvements Assessment | $506,300 |
| Land Assessment | $477,600 | Total Assessment | $983,900 |
PROPERTY TAXES
Parcel Number
45-11-18-201-011.000-034
Land Assessment
$477,600
Improvements Assessment
$506,300
Total Assessment
$983,900
ZONING
| Zoning Code | Route 30 District |
| Route 30 District |
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1307 Joliet St - Circle K Car Wash | 7yrs Remain Corp Abs NNN
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