Sparkle Express Car Wash NNN Property For Sale — Peru, IL · 5,180 SF
Peru, IL Not Disclosed
Opportunity to acquire the fee-simple interest in a stabilized express car wash facility located in Peru, Illinois. Built in 2019, the 5,180-square-foot building is situated on an approximately 0.82-acre parcel along Mahoney Drive, providing prime exposure with direct visibility to Highway 251 and immediate access to Interstate 80. The property is ideally positioned in a dense commercial and retail corridor near major regional anchors, including Walmart, Target, Menards, Hobby Lobby, and The Home Depot. The asset is subject to a long-term, 20-year absolute triple-net (NNN) lease running through March 12, 2044, with zero landlord responsibilities and a corporate guarantee. The lease structure features 2% annual contractual rent increases, providing steady and predictable income growth over…
- Address: Peru, IL Not Disclosed
- Asking price $3.38M
- 6.50% cap rate
- NOI $220,000
- 18 years remaining
- NNN lease
- Year built: 2019
- Building size: 5,180 SF
- Lot size: 0.82 acres
- Lease expiration: Mar 12, 2044
- Rent increases: 2% annual increases
- Guarantor: Corporate
Location
This Sparkle Express Car Wash property is in Peru, Illinois.
Asset type: Car Wash