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1302 Camp Jackson Rd East Saint Louis, IL 62206

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For Sale
$625,000

Single tenant net leased investment property with 15-year absolute triple net lease.

Property size:
1,012 SF
Lot size:
0.28 Acres

Property Features for 1302 Camp Jackson Rd

General Information

Standard status
Active
Size
1,012 SF
Lot size
0.28 Acres

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Listing Contact
Peter Colvin
Peter Colvin
Source: Crexi

Listing Agency: SVN | Silveri Company Listing Agent: Peter Colvin

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

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Overview

Remodeled Car Wash Investment Property

This single tenant net leased investment property features a fully remodeled car wash. The absolute triple net lease is for 15 years, with annual rent increases of 1.5% during the initial term and the two 15-year options. The property has been renovated and converted into a Castrol Clean and Lube oil change and car wash. Clean and Lube Incorporated, partnering with Castrol Oil Inc., intends to expand to over 100 locations in the next three years. The company partners with local non-profit organizations, churches, school teams, and clubs for weekend car wash and oil change fundraisers. Car washes and oil changes are considered recession and Covid-resistant essential businesses. The property is located near St Louis in a busy commercial area close to Walmart, Aldi’s, Walgreens, McDonalds, and Domino’s Pizza. The surrounding area has a high population density, with over 115,000 people within a 5-mile radius and over 500,000 within a 10-mile radius. The property size is 1012 square feet.
Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

Location Insight

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City
East Saint Louis
County
St. Clair
State
Illinois
Longitude
-90.1719511
Latitude
38.5579305

FAQs

What type of property is this?
Car wash - Single tenant net leased investment property with 15-year absolute triple net lease.
Where is this car wash located?
The property is located at 1302 Camp Jackson Rd East Saint Louis, IL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: - 15-year Absolute Triple Net Lease with 1.5% annual rent increases, plus two 15-year options.; - Fully remodeled and converted into a "Castrol Clean and Lube" Oil Change and Car Wash.; - Located in a high-traffic commercial area near major retailers like Walmart, Aldi's, Walgreens, McDonald's and Domino's Pizza.
More about this property
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