1706 Calumet Ave Valparaiso, IN 46383-3129

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.