814 Main St, Bloomington, IL 61701-3042
This exceptional investment opportunity presents a fee-simple ownership (land and building) of a 3,333 square-foot car wash in Bloomington, Illinois. The property boasts a 5.75% cap rate and a strong $228,901 net operating income (NOI). Currently operating at 100% occupancy, the property features a corporate-guaranteed, absolute NNN lease with a prominent national tenant, providing zero landlord responsibilities. Built in 2012, this well-maintained car wash sits on a 0.76-acre lot with 14 parking spaces and benefits from a prime location on a signalized, hard-corner intersection of a major retail thoroughfare. The lease includes annual rent bumps throughout the initial term and each of the four 5-year option periods, ensuring consistent income growth and inflation protection. The property enjoys excellent visibility and strong tenant synergy with nearby national retailers, including Kroger, Kohl's, and Dick's Sporting Goods, within a densely populated trade area featuring over 130,000 residents and 107,095 employees, with an average household income exceeding $98,631. The proximity to Illinois Wesleyan University further enhances the property's appeal. This is a truly passive, management-free investment opportunity with significant long-term potential. The property's APN is 21-04-132-012 and is zoned for commercial use.
-
Rainstorm Car Wash Car Wash
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.