1706 Calumet Ave - Circle K Car Wash | 7yrs Remain Corp Abs NNN
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1706 Calumet Ave - Circle K Car Wash | 7yrs Remain Corp Abs NNN
2,740 SF Specialty Building Offered at $4,148,000 at a 6.75% Cap Rate in Valparaiso, IN 46383
Investment Highlights
- 7 Years Remaining | Options To Extend | Scheduled Rental Increases | Circle K Credit
- Signalized, Hard-Corner Intersection (35,500 VPD) | Strong National/Credit Tenant Presence
- 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 their 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 | $4,148,000 | Building Class | B |
| Price Per SF | $1,514 | Lot Size | 0.58 AC |
| Sale Type | Investment | Building Size | 2,740 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2019 |
| Property Subtype | Car Wash | Parking Ratio | 12.04/1,000 SF |
| Price | $4,148,000 |
| Price Per SF | $1,514 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.58 AC |
| Building Size | 2,740 SF |
| No. Stories | 1 |
| Year Built | 2019 |
| Parking Ratio | 12.04/1,000 SF |
Amenities
- Signage
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1706 Calumet Ave - Circle K Car Wash | 7yrs Remain Corp Abs NNN
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