6245 N 2nd St - Tsunami Express Car Wash
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6245 N 2nd St - Tsunami Express Car Wash
4,350 SF Specialty Building Offered at $5,600,000 at a 6.75% Cap Rate in Loves Park, IL 61111
Investment Highlights
- 20-Year Absolute Triple Net (NNN) Lease
- Corporate Guarantee
- Attractive Rent Increases
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Tsunami Express Car Wash located at 6245 N 2nd St, Loves Park, IL 61111. The site consists of roughly 4,900 rentable square feet of building space on an estimated 2-acre parcel of land. This Tsunami Express Car Wash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $378,000 and has scheduled increases of 2.00% annually.
Property Facts
| Price | $5,600,000 | Lot Size | 0.88 AC |
| Price Per SF | $1,287 | Construction Status | Under Construction |
| Sale Type | Investment | Building Size | 4,350 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2025 |
| Property Subtype | Car Wash | Parking Ratio | 2.3/1,000 SF |
| Building Class | B |
| Price | $5,600,000 |
| Price Per SF | $1,287 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.88 AC |
| Construction Status | Under Construction |
| Building Size | 4,350 SF |
| No. Stories | 1 |
| Year Built | 2025 |
| Parking Ratio | 2.3/1,000 SF |
PROPERTY TAXES
| Parcel Number | 12-06-104-001 | Improvements Assessment | $23,625 |
| Land Assessment | $49,546 | Total Assessment | $73,171 |
PROPERTY TAXES
Parcel Number
12-06-104-001
Land Assessment
$49,546
Improvements Assessment
$23,625
Total Assessment
$73,171
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6245 N 2nd St - Tsunami Express Car Wash
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