814 Main StBloomington, IL 61701

For Sale
$3,981,000

High-yield, NNN-leased car wash.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fee-simple ownership (land and building) of a 3,333 square-foot car wash in Bloomington, Illinois. The property boasts a 5.75% cap rate and a strong $228,901 net operating income (NOI). Currently operating at 100% occupancy, the property features a corporate-guaranteed, absolute NNN lease with a prominent national tenant, providing zero landlord responsibilities. Built in 2012, this well-maintained car wash sits on a 0.76-acre lot with 14 parking spaces and benefits from a prime location on a signalized, hard-corner intersection of a major retail thoroughfare. The lease includes annual rent bumps throughout the initial term and each of the four 5-year option periods, ensuring consistent income growth and inflation protection. The property enjoys excellent visibility and strong tenant synergy with nearby national retailers, including Kroger, Kohl's, and Dick's Sporting Goods, within a densely populated trade area featuring over 130,000 residents and 107,095 employees, with an average household income exceeding $98,631. The proximity to Illinois Wesleyan University further enhances the property's appeal. This is a truly passive, management-free investment opportunity with significant long-term potential. The property's APN is 21-04-132-012 and is zoned for commercial use.

Highlights

  • $3,981,000 asking price for a fee-simple interest (land & building) in a Bloomington, IL car wash.
  • Absolute NNN lease with a corporate guarantee from Circle K, offering zero landlord responsibilities.
  • 7 years remaining on the lease with 4 five-year options, featuring annual rent increases.
  • High-visibility location at a signalized intersection on a major retail thoroughfare, near other national tenants and Illinois Wesleyan University.

Property Details for 814 Main St

Property type
Other specialty properties, Automotive properties
Square Feet
3,333 SF
Year Built
2012
Lot Size (sq. ft)
33,106 SF

Location Insight

City
Bloomington
County
McLean
State
Illinois
Latitude
40.4862488
Longitude
-88.9944234
814 Main St, Bloomington, Illinois
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814 Main St
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