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- LoopNet Team
2950 Fairfield Ln
Ottawa, IL 61350
Car Wash NNN Investment in Ottawa IL #cw02-il · Land For Sale
·
1.08 AC
Investment Highlights
- Passive Income: 20-year absolute NNN lease with no landlord duties
- Corporate Credit: Backed by a strong regional operator with a corporate guarantee
- Accessibility: Direct proximity to Interstate 80 provides regional connectivity
- Tax Benefits: Accelerated depreciation maximizes first-year tax efficiency
- Retail Density: Walmart, Starbucks, Aldi, and more anchor the corridor
- Portfolio Growth: Optional aggregation with additional sites for scale and diversification
Property Facts
| Property Type | Land | Proposed Use | Carwash |
| Property Subtype | Commercial | Total Lot Size | 1.08 AC |
| Zoning | Commercial (Car Wash) | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Carwash |
| Total Lot Size | 1.08 AC |
| Zoning | Commercial (Car Wash) |
Description
PROPERTY & OPPORTUNITY SNAPSHOT • Lot Size: 1.08 +/- AC • Building Size: 5,400 +/- SF • Frontage: 250 +/- FT along Etna Road • Traffic: 8,000+ VPD (21,600+ VPD along Columbus Street corridor) • Lease: 20-year NNN lease through March 12, 2044 • Rent Growth: 2% annual increases • Tenant: Sparkle Express Car Wash, Inc. (Corporate Guarantee) • Depreciation Advantage: 100% bonus depreciation in year one of ownership WHY INVEST IN THE CENTRAL ILLINOIS CORRIDOR? The Central Illinois Corridor, anchored by Peoria, Ottawa, Morton, and Macomb, reaches over 513.6K people across 211.8K households, with an average household income of $92.1K+. This provides a compelling blend of stability, growth, and diversification, especially when viewed through the lens of value investing. Landlord fundamentals are reinforced by the corridor’s interstate connectivity (I-74/I-80/I-39), strong mobility (˜1.85 vehicles/household), and ongoing industrial/logistics investment with blue-chip anchors (e.g., Caterpillar, OSF, Frito-Lay, Trader Joe’s, Ameren, Komatsu), which collectively support steady traffic, employment, and spend. For value-minded investors, fee-simple positions in these infill submarkets offer secure absolute NNN income (with corporate guarantees and built-in escalators) plus long-term land appreciation; paired with accelerated depreciation (per buyer’s tax counsel), the result is a compelling blend of predictable cash flow, tax efficiency, and durable exit optionality.
