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102 E 3Rd St Coal Valley, IL 61240

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For Sale
$845,000

Car wash with long-term corporate lease and renovation.

Building Details

Year built
1972

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Listing Contact
Alex Ruggieri, Cre,Sec, Ccim, Cips, Fiabsi, Gri
Source: Svn

Listing Agent: Alex Ruggieri, Cre,Sec, Ccim, Cips, Fiabsi, Gri

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Renovated Car Wash Investment Property

This investment property features a fresh 15-year absolute triple net corporate lease to Clean and Lube Incorporated. The lease includes annual rent increases during the base term and the two 15-year renewal option periods. The property is undergoing a complete renovation and will soon include two new Castrol Premium Lube Express Oil Change bays, one automatic wash, one large self-serve bay, and Clean and Lube Community Car Wash Fundraisers. The tenant is responsible for all costs associated with the property.
Location Intelligence

Current Use by Public Records

Waterworks Car Wash Car Wash

Suggested Use

Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Kitchen & Bath Showroom Department Store Bar & Pub

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Coal Valley
County
Rock Island
State
Illinois
Longitude
-90.458274
Latitude
41.451183

FAQs

What type of property is this?
Car wash - Car wash with long-term corporate lease and renovation.
Where is this car wash located?
The property is located at 102 E 3Rd St Coal Valley, IL.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: - 15-year absolute triple net corporate lease to Clean and Lube Incorporated.; - Annual rent increases during base term and renewal options.; - Complete renovation underway.
More about this property
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