3840 Martin Luther King Jr Dr Decatur, IL 62526
- Car washes
- 0.75 lot acres
Current Use by Public Records
- Rainstorm Car Wash / Car Wash
Property Details for 3840 Martin Luther King Jr Dr
- Lot size
- 0.75 lot acres
- Zone code
- MUNICIPAL
- Property type
- Car washes
- APN
- 07-07-26-376-017
- APU
- 70726376017
Description
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.
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
- Decatur
- County
- Macon
- State
- Illinois
- Longitude
- -88.9499
- Latitude
- 39.8926
- CBSA code
- 19500
- CBSA name
- DECATUR, IL METROPOLITAN STATISTICAL AREA
