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540 W Camp St - Car Wash Real Estate Investment Opp #cw24-il
1.5 Acres of Commercial Land Offered at $5,600,000 in East Peoria, IL 61611
Investment Highlights
- Lease Type: Absolute Triple-Net (NNN)
- Base Rent: $363,000 Annually
- Renewal Options: Four 5-Year Options
- Cap Rate: 6.5%
- Lease Term Remaining: 19.4 Years
- Rent Increases: 2% Annually
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
| Price | $5,600,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Carwash |
| No. Lots | 1 | Total Lot Size | 1.50 AC |
| Property Type | Land |
| Price | $5,600,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Carwash |
| Total Lot Size | 1.50 AC |
1 Lot Available
Lot
| Price | $5,600,000 | Lot Size | 1.50 AC |
| Price Per AC | $3,733,333 |
| Price | $5,600,000 |
| Price Per AC | $3,733,333 |
| Lot Size | 1.50 AC |
This is a 1.5 +/- acre property featuring a 5,970 SF building completed in 2019 offering modern express car wash infrastructure.
Description
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. Leona Voltz | Commercial Plus, LLC Illinois BR Lic. #471.007448 In Conjunction With Alex Pavone | Commercial Plus, LLC Arizona RE Lic. #SA662387000
PROPERTY TAXES
| Parcel Number | 01-01-29-405-010 | Improvements Assessment | $129,460 |
| Land Assessment | $97,070 | Total Assessment | $226,530 |
PROPERTY TAXES
-
Alexander Pavone -
Commercial Plus Group
Presented by
540 W Camp St - Car Wash Real Estate Investment Opp #cw24-il
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