Circle K | 7yrs Remain Corp Abs NNN | 8310 N Allen Rd
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Circle K | 7yrs Remain Corp Abs NNN 8310 N Allen Rd
4,664 SF Retail Building Peoria, IL 61615 $2,904,000 ($623/SF) 6.75% Cap Rate
Investment Highlights
- 7 Years Remaining | Options To Extend | Scheduled Rental Increases | Circle K Credit
- Signalized, Hard-Corner Intersection | Dense Retail Corridor
- 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) investment property located in Peoria, 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
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,664 SF
Building Class
B
Year Built
2014
Price
$2,904,000
Price Per SF
$623
Cap Rate
6.75%
NOI
$196,050
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.03 AC
Zoning
I1 - Industrial/Business Park
Parking
32 Spaces (6.86 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Signalized Intersection
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 14-06-402-001 | Improvements Assessment | $242,380 |
| Land Assessment | $67,610 | Total Assessment | $309,990 |
PROPERTY TAXES
Parcel Number
14-06-402-001
Land Assessment
$67,610
Improvements Assessment
$242,380
Total Assessment
$309,990
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Circle K | 7yrs Remain Corp Abs NNN | 8310 N Allen Rd
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