814 N Main St - Circle K | 7yrs Remain Corp Abs NNN
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814 N Main St - Circle K | 7yrs Remain Corp Abs NNN
3,333 SF Specialty Building Offered at $3,391,000 at a 6.75% Cap Rate in Bloomington, IL 61701
Investment Highlights
- 7 Years Remaining | Options To Extend | Scheduled Rental Increases | Circle K Credit
- Excellent Visibility | Signalized, Hard-Corner Intersection |Strong National/Credit Tenant Presence
- 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 Bloomington, 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 | $3,391,000 | Building Class | C |
| Price Per SF | $1,017 | Lot Size | 0.76 AC |
| Sale Type | Investment | Building Size | 3,333 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2012 |
| Property Subtype | Car Wash | Parking Ratio | 4.2/1,000 SF |
| Price | $3,391,000 |
| Price Per SF | $1,017 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.76 AC |
| Building Size | 3,333 SF |
| No. Stories | 1 |
| Year Built | 2012 |
| Parking Ratio | 4.2/1,000 SF |
Amenities
- Signage
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Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $83,442 | |
| Land Assessment | $71,626 | Total Assessment | $155,068 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$71,626
Improvements Assessment
$83,442
Total Assessment
$155,068
zoning
| Zoning Code | Commercial |
| Commercial |
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814 N Main St - Circle K | 7yrs Remain Corp Abs NNN
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