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1723 W Morton Ave
Jacksonville, IL 62650
Club Car Wash - Jacksonville, IL · Land For Sale
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1.19 AC

PROPERTY FACTS
| Property Type | Land | Total Lot Size | 1.19 AC |
| Property Subtype | Commercial |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.19 AC |
DESCRIPTION
• Single-Tenant Club Car Wash Sale-Leaseback: ° Corporately guaranteed lease by Club Car Wash ° Absolute NNN lease with zero landlord responsibilities ° 20-year initial lease term with four 5-year options ° 1.50% annual increases during primary term and options • About Club Car Wash: ° 140+ locations across 11 states throughout the south and midwest with approximately 500,000 wash members ° Expanding rapidly through acquisition and greenfield development, with plans to be at 200+ by the end of 2024 ° Backed by Wildcat Capital Management, with over $3.6 billion under management (more info) ° Apart of the top 5 largest express car wash platforms in the country (top 50 list) ° NFL superstar and tight-end for the Kansas City Chiefs, Travis Kelce, is a co-owner of Club Car Wash (more info) • New Construction: Club’s latest prototype design • No Competition within a 3-Mile Radius • Extremely High Sales Volume Location (contact broker for details) • Located in an Opportunity Zone: Ideal for the out-of-state investor (more info) • Service Based, Internet Resistant, and Recession Proof Investment • Multiple Points of Ingress and Egress Access • Prime Location: Situated on IL-72, the main east-west highway through Jacksonville and pad to a Hampton Inn Hotel • Affluent Demographics: $105,000+ average household income within 1 mile • Strong Retail Synergy: Located in the major daily needs corridor of Jacksonville ° 2-minute drive to a Walmart Supercenter, their only location within 25+ miles ° Other nearby tenants include Home Depot, JCPenney, Walgreens, Sonic, Verizon, Applebees, and O’Reilly, among others • Bonus Depreciation: Property qualifies for 80% bonus depreciation on car wash improvements (more info) • Springfield Airport (Abraham Lincoln Capital
PROPERTY TAXES
| Parcel Number | 09-30-101-004 | Improvements Assessment | $862,840 |
| Land Assessment | $206,160 | Total Assessment | $1,069,000 |
PROPERTY TAXES
Listing ID: 29812266
Date on Market: 10/17/2023
Last Updated:
Address: 1723 W Morton Ave, Jacksonville, IL 62650
The Land Property at 1723 W Morton Ave, Jacksonville, IL 62650 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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