1714 Banker St Effingham, IL 62401-2746

This exceptional investment opportunity presents a fee-simple interest (land and building) in a 4,900 square foot True Blue Car Wash, backed by Circle K, located at 1714 S Banker St, Effingham, IL 62401. The property boasts a 5.50% cap rate and a strong NOI of $224,299. Built in 2017, this absolute NNN leased car wash sits on a 1.28-acre lot with 35 parking spaces and benefits from annual rent increases throughout the initial term and each of the four (5-year) option periods. The property enjoys 100% occupancy and is situated in a high-traffic area with over 18,600 vehicles passing daily. Its prime location is less than four miles from a major retail corridor anchored by a large Walmart Supercenter and numerous national retailers, including Kohl's, Starbucks, and more. The surrounding area also features a strong concentration of national and local businesses, creating significant synergy and driving consumer traffic. The 5-mile trade area boasts a population exceeding 19,000 residents and 23,077 employees, with an average household income of $96,182. The property is zoned B-2 and has a total of seven years remaining on the lease, providing long-term stability and predictable income. This is a management-free investment with zero landlord responsibilities, making it an ideal addition to any passive investment portfolio. The asking price is $4,078,000.