1460 Convent St Bourbonnais, IL 60914-4853
- Commercial real estate
- 1.25 lot acres
Current Use by Public Records
- Rainstorm Car Wash / Car Wash
- Aqua Express Car Wash / Car Wash
Property Details for 1460 Convent St
- Lot size
- 1.25 lot acres
- Property type
- Commercial real estate
- APN
- 17-09-08-302-006
- APU
- 170908302006
Description
This exceptional investment opportunity presents a fee-simple owned, 2,345-square-foot Circle K storefront located at 1460 N Convent St, Bourbonnais, IL 60914. Boasting a strong 6.00% cap rate and a substantial net operating income (NOI) of $212,639, this property offers significant returns. The property, built in 2010 and situated on a 0.43-acre lot, benefits from a prime location at a signalized, hard-corner intersection. The building features 27 parking spaces and is zoned B-2 Corridor Commercial Business. The current lease is an absolute NNN lease with a corporate guarantee from Circle K, ensuring minimal landlord responsibilities. The lease has seven years remaining, with options to extend for four or five years, and includes scheduled rental increases. This property is 100% occupied and represents a secure, passive income stream with a strong national tenant. The property's strong demographics within a 5-mile radius further enhance its investment appeal. The Kankakee County location and the property's parcel number (APN 17-09-08-302-006) provide additional identifying information. This is a rare opportunity to acquire a high-performing retail asset with a proven track record and significant upside potential.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $300,000
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Location Insight
- Map
- Local Demand
- City
- Bourbonnais
- County
- Kankakee
- State
- Illinois
- Longitude
- -87.8748
- Latitude
- 41.1789
- CBSA code
- 28100
- CBSA name
- KANKAKEE-BRADLEY, IL METROPOLITAN STATISTICAL AREA
