Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Car washes

    3840 Martin Luther King Jr Dr, Decatur, IL 62526-2214

    0.75 ac lot
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US28-4523355
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a fee-simple owned, 6,886 square foot Circle K gas station and convenience store located at 3840 N Martin Luther King Jr Dr, Decatur, IL 62526. The property sits on a 0.6-acre lot with 20 parking spaces and benefits from a highly visible location in a dense retail corridor near Hickory Point Mall and a Walmart Supercenter. Currently operating under a 7-year Absolute NNN lease with a corporate guarantee from Circle K, this property offers significant upside potential with four 5-year lease options and scheduled rental increases. The property boasts a strong pro-forma NOI of $247,377 and is 100% occupied. The B2 zoning provides flexibility for future development. This is a turnkey investment with zero landlord responsibilities, offering a secure and profitable return for the discerning investor. The property's location within Macon County, Illinois, provides access to a strong demographic profile within a 5-mile radius. The asking price is $4,123,000. The property features a single unit and the APN is 07-07-26-376-017.

    Property profile
    Verified
    Property type Car washes
    Use group CAR WASH
    Lot 0.75 ac (32,670 SF)
    Zoning code MUNICIPAL
    APN 07-07-26-376-017
    UPID US28-4523355
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Rainstorm Car Wash Car Wash
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Store Master Funding Xii LLC · 6 yrs held
    Store Master Funding Xii LLC
    since 2019
    4 recorded transactions
    2019
    $2.9M
    2018
    2018
    $2.6M
    2018
    $40,000
    Zoning & alternative use
    MUNICIPAL · Decatur, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 3840 Martin Luther King Jr Dr?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message