1706 Calumet AveValparaiso, IN 46383

Property Details for 1706 Calumet Ave

Year built

2019

Construction

TYPE NOT SPECIFIED

Lot size

2.80 AC

Property size (Sq ft)

5,797 SF

Property type

Retail properties

Property subtype

Other car washes

APN

64-09-13-426-058.000-004

APU

640913426058000004

Description

This exceptional investment opportunity presents a fee-simple owned, 2,740 square foot Circle K car wash located at 1706 Calumet Ave, Valparaiso, IN 46383. Built in 2019, this property sits on a 0.58-acre lot and boasts a strong 6.00% cap rate, generating a net operating income (NOI) of $280,000. The property benefits from a corporate guaranteed, absolute NNN lease with a single tenant, Circle K, ensuring minimal landlord responsibilities. The lease includes annual rent increases throughout the initial term and each option period, providing consistent income growth. With 7 years remaining on the lease and options to extend, this investment offers long-term stability and predictable returns. The property enjoys a prime location at a signalized, hard-corner intersection with a high volume of traffic (35,500 vehicles per day), and is situated within a strong demographic area. The property's parcel number is 64-09-13-426-058.000-004. The asking price is $4,667,000. This is a turnkey investment with exceptional potential for long-term growth and passive income. 100% occupancy ensures immediate cash flow.

Location Insight

City

Valparaiso

County

Porter

State

Indiana

Latitude

41.4844

Longitude

-87.0502

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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