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- LoopNet Team
540 W Camp St
East Peoria, IL 61611
NNN Investment | Cap Rate 6.5% #cw24-il · Land For Sale
·
1.54 AC
INVESTMENT HIGHLIGHTS
- Absolute Triple-Net (NNN) Investment | Established Tenant With Corporate Guarantee
- Base Rent: $363,000 Annually
- Renewal Options: Four 5-Year Options
- Cap Rate: 6.5%
- Lease Term Remaining: 19.4 Years
- Rent Increases: 2% Annually
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 1.54 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Carwash | ||
| Zoning | M-2 - Parcel Use: Industrial | Land Use Code: Retail Stores (Personal Services, Etc.) | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Carwash |
| Total Lot Size | 1.54 AC |
| No. Stories | 1 |
| Zoning | M-2 - Parcel Use: Industrial | Land Use Code: Retail Stores (Personal Services, Etc.) |
DESCRIPTION
Commercial Plus, LLC presents a real estate investment opportunity in East Peoria, Illinois. The 1.5-acre property features a 5,970-square-foot building, completed in 2019, designed for modern express car wash operations. Located in a high-traffic corridor along West Camp Street with 211 feet of frontage, the property is surrounded by major retailers such as Target, Aldi, and Costco, as well as prominent industrial employers like Caterpillar, Inc., which employs 12,000 people. The tenant, Sparkle Express Car Wash, is a rapidly growing operator with more than 19 locations across Georgia, South Carolina, and Illinois. The area also boasts strong demographics, with a projected 2024 population of 113,934 within a five-mile radius, 48,132 households, and an average household income of $63,196. This combination of tenant stability, strategic location, and robust local demographics makes the property an attractive, long-term investment. Leona Voltz | Commercial Plus, LLC Illinois BR Lic. #471.007448 In Conjunction With Alex Pavone | Commercial Plus, LLC Arizona RE Lic. #SA662387000
PROPERTY TAXES
| Parcel Number | 01-01-29-405-010 | Improvements Assessment | $140,650 |
| Land Assessment | $105,460 | Total Assessment | $246,110 |
PROPERTY TAXES
