Car Wash with NNN
1209 North Prospect Avenue, Champaign, IL 61821
For Sale
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The property is leased under a long-term triple-net agreement with scheduled annual rent increases.
Property Size4,082 SF
Lot Size0.73 Acres
Price / SF$1,131
Days on Market40
Property Features for 1209 North Prospect Avenue
General Information
Standard status
Size
Lot size
Property subtype
Tenancy & Operations
Tenant in Place
In-Place Lease Type
Current Tenants
Real Estate Included
Additional Details
Automotive Uses
Building Details
Buildings
Tenancy
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Oct 1
Changed: Nov 8
Last Checked: Nov 8 at 4:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
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Investment Insights
Based on property information with market context.
This car wash occupies a building of approximately 4,082 rentable square feet on an estimated 0.73-acre parcel. The property is subject to a 20-year triple-net lease that began December 22, 2020.
Rent increases are scheduled annually on October 1, at the lesser of 2.00% or 1.25 times the change in the Price Index. The property is located at 1209 North Prospect Avenue in Champaign, Illinois.
Rent increases are scheduled annually on October 1, at the lesser of 2.00% or 1.25 times the change in the Price Index. The property is located at 1209 North Prospect Avenue in Champaign, Illinois.
Key Highlights
- Approximately 4,082 rentable square feet of building area
- Estimated 0.73‑acre parcel
- 20‑year triple‑net lease commenced December 22, 2020
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
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Business Placement
Demographics for 61821, IL
29,057
Population
13,751
Households
2.1
Avg Household Size
36
Median Age
50%
College-Educated
95%
High-School Grad
7.7 sq mi
ZIP Area
3,774
Density / Sq Mi
$69,284
Median Household Income
$40,225
Median Earnings
$1,001
Median Rent
$174,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Car wash - The property is leased under a long-term triple-net agreement with scheduled annual rent increases.
Where is this car wash located?
The property is located at 1209 North Prospect Avenue Champaign, IL.
What is the asking price?
The asking price for this property is $4,617,920.
What are key features of this property?
This property features: Approximately 4,082 rentable square feet of building area; Estimated 0.73‑acre parcel; 20‑year triple‑net lease commenced December 22, 2020
