Springfield, IL - Circle K Car Wash

Description:

• 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 subject property is located approximately half of a mile from White Oaks Mall, a 626,600+ SF shopping mall, that features national/credit tenants such as Dick’s Sporting Goods, Macy’s, Chipotle, Chick-fil-A, Panda Express, LongHorn Steakhouse, and others
• Approximately half of a mile west of White Oaks Plaza with major tenants including the Kohl’s, T.J. Maxx, Ulta Beauty, GameStop, Petco, and more
• The site is located in the center of a dense retail corridor featuring tenants such as Academy Sports and Outdoors, Best Buy, Raising Cane’s, Panera Bread, McDonald’s, Texas Roadhouse, and many others
• Strong tenant synergy promotes crossover shopping to the subject property