Champaign, IL - Circle K Car Wash

Description:

• The tenant will have 7 years of term remaining with 4 (5-year) options to extend, demonstrating 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

• Less than two miles west of the Market Place Shopping Center with major tenants including Costco, Dick’s, Macy’s, Sephora, Bath & Body Works, Foot Locker, and others
• The site is located in the middle of a dense retail corridor with national/credit tenants including Walmart, Menards, Starbucks, Chick-fil-A, Sam’s Club, Five Guys, Home Depot, Chipotle, and more
• Strong tenant synergy promotes crossover shopping to the subject property