465 S Weber Rd - Circle K Car Wash | 7yrs Remain Corp Abs NNN
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465 S Weber Rd - Circle K Car Wash | 7yrs Remain Corp Abs NNN
2,345 SF Speciality Building Offered at £3,651,492 at a 6% Net Initial Yield in Bolingbrook, IL 60490
Investment Highlights
- 7 Years Remaining | Options To Extend | Scheduled Rental Increases | Circle K Credit
- Signalized, Hard-Corner Intersection (60,000 VPD) | Strong National/Credit Tenant Presence
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• The tenant will have 7 years of term remaining with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features annual increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation
• The lease is backed by Circle K, while the car wash is branded True Blue
• The lease features annual increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation
• The lease is backed by Circle K, while the car wash is branded True Blue
Property Facts
| Price | £3,651,492 | Building Class | C |
| Price Per SF | £1,557 | Lot Size | 0.43 AC |
| Sale Type | Investment | Building Size | 2,345 SF |
| Net Initial Yield | 6% | Number of Floors | 1 |
| Property Type | Speciality | Year Built | 2001 |
| Property Subtype | Car Wash | Parking Ratio | 11.94/1,000 SF |
| Price | £3,651,492 |
| Price Per SF | £1,557 |
| Sale Type | Investment |
| Net Initial Yield | 6% |
| Property Type | Speciality |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 2,345 SF |
| Number of Floors | 1 |
| Year Built | 2001 |
| Parking Ratio | 11.94/1,000 SF |
Amenities
- Signage
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PROPERTY TAXES
| Parcel Number | 02-18-409-002 | Improvements Assessment | £256,888 |
| Land Assessment | £190,355 | Total Assessment | £447,243 |
PROPERTY TAXES
Parcel Number
02-18-409-002
Land Assessment
£190,355
Improvements Assessment
£256,888
Total Assessment
£447,243
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Power Broker Patrick Luther -
Power Broker Matthew Mousavi -
Dan Elliot -
Sean Lutz -
SRS National Net Lease
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465 S Weber Rd - Circle K Car Wash | 7yrs Remain Corp Abs NNN
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