1307 Joliet St Dyer, IN 46311-2024
- Car washes
- 4,950 SF
- 1.27 lot acres
Current Use by Public Records
- Rainstorm Car Wash / Car Wash
- Pet Wash / Car Wash
Property Details for 1307 Joliet St
- Year built
- 2013
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.27 lot acres
- Property size
- 4,950 SF
- Property type
- Car washes
- APN
- 45-11-18-201-011.000-034
- APU
- 451118201011000034
Description
This exceptional investment opportunity presents a fee-simple owned Circle K car wash located at 1307 Joliet St, Dyer, IN 46311, within Lake County's Route 30 District. Built in 2013, the 2,345 square foot facility sits on a 0.43-acre lot and boasts 30 parking spaces. Currently operating at 100% occupancy with a corporate guarantee from Circle K, this property offers a compelling 6.00% cap rate and a strong NOI of $246,572. The absolute NNN lease structure ensures minimal landlord responsibilities, with annual rent increases built into the initial term and subsequent option periods. The property benefits from its strategic location in a dense retail corridor, near Dyer Town Center and Crossroads Shopping Center, and enjoys strong demographics within a 5-mile radius. The property's APN is 45-11-18-201-011.000-034. Seven years remain on the lease, with options to extend. This is a turnkey investment with significant upside potential. Asking price is $4,110,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dyer
- County
- Lake
- State
- Indiana
- Longitude
- -87.4977
- Latitude
- 41.4922
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
