Decatur, IL - Circle K Car Wash (Aldi Dr)

Description:

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 Decatur, 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.

The True Blue is located near the signalized, hard-corner intersection of State Highway 121 and US 36, combining to average over 25,300 vehicles passing by daily. State Highway 121 is a major retail thoroughfare serving the city of Decatur. The property is an outparcel to a 209,000+ square foot Walmart Supercenter that also features national/credit pads including Five Below, McDonald’s, Arby’s, Taco Bell, Dairy Queen, and more. The asset is also located directly across from a 205,000+ square
foot shopping center anchored by Dollar Tree. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Aldi, Kroger, Walgreens, AMC, 7 Brew, Take 5 Oil Change, Culver’s, and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by a population of over 45,000 with an average household income of $79,393.