1714 S Banker St - Circle K | 7yrs Remain Corp Abs NNN
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1714 S Banker St - Circle K | 7yrs Remain Corp Abs NNN
4,900 SF Specialty Building Offered at $3,323,000 at a 6.75% Cap Rate in Effingham, IL 62401
Investment Highlights
- 7 Years Remaining | Options To Extend | Scheduled Rental Increases | Circle K Credit
- Close Proximity To A Walmart Supercenter (224,000+ SF) | Near Major Retail Corridorl
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, True Blue Car Wash (Circle K backed) investment property located in Effingham, Illinois. 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 rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The lease is backed by Circle K, while the car wash is branded True Blue.
Property Facts
| Price | $3,323,000 | Building Class | C |
| Price Per SF | $678 | Lot Size | 1.28 AC |
| Sale Type | Investment | Building Size | 4,900 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2017 |
| Property Subtype | Car Wash | Parking Ratio | 7.14/1,000 SF |
| Price | $3,323,000 |
| Price Per SF | $678 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.28 AC |
| Building Size | 4,900 SF |
| No. Stories | 1 |
| Year Built | 2017 |
| Parking Ratio | 7.14/1,000 SF |
Amenities
- Signage
1 of 1
PROPERTY TAXES
| Parcel Number | 0311029006 | Improvements Assessment | $206,120 |
| Land Assessment | $76,820 | Total Assessment | $282,940 |
PROPERTY TAXES
Parcel Number
0311029006
Land Assessment
$76,820
Improvements Assessment
$206,120
Total Assessment
$282,940
zoning
| Zoning Code | B-2 |
| B-2 |
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1714 S Banker St - Circle K | 7yrs Remain Corp Abs NNN
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.