1714 S Banker St - Circle K | 7yrs Remain Corp Abs NNN
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1714 S Banker St - Circle K | 7yrs Remain Corp Abs NNN
4,900 SF Specialty Building Offered at $4,806,719 CAD at a 6.75% Cap Rate in Effingham, IL 62401
INVESTMENT HIGHLIGHTS
- 7 Years Remaining | Options To Extend | Scheduled Rental Increases | Circle K Credit
- Close Proximity To A Walmart Supercenter (224,000+ SF) | Near Major Retail Corridorl
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, True Blue Car Wash (Circle K backed) investment property located in Effingham, Illinois. 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 rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The lease is backed by Circle K, while the car wash is branded True Blue.
PROPERTY FACTS
| Price | $4,806,719 CAD | Building Class | C |
| Price Per SF | $981 CAD | Lot Size | 1.28 AC |
| Sale Type | Investment | Building Size | 4,900 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2017 |
| Property Subtype | Car Wash | Parking Ratio | 7.14/1,000 SF |
| Price | $4,806,719 CAD |
| Price Per SF | $981 CAD |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.28 AC |
| Building Size | 4,900 SF |
| No. Stories | 1 |
| Year Built | 2017 |
| Parking Ratio | 7.14/1,000 SF |
AMENITIES
- Signage
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PROPERTY TAXES
| Parcel Number | 0311029006 | Improvements Assessment | $292,422 CAD |
| Land Assessment | $108,985 CAD | Total Assessment | $401,407 CAD |
PROPERTY TAXES
Parcel Number
0311029006
Land Assessment
$108,985 CAD
Improvements Assessment
$292,422 CAD
Total Assessment
$401,407 CAD
ZONING
| Zoning Code | B-2 |
| B-2 |
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1714 S Banker St - Circle K | 7yrs Remain Corp Abs NNN
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