Decatur, IL - Circle K Car Wash (MLK Drive)
$3,665,000
3840 N. Martin Luther King Jr. Drive, Decatur, IL
For Sale
Retail
Active
Last Updated: 12/06/2024
6.75
Cap Rate
247,377
NOI
Details:
Cap Rate: 6.75%
NOI: $247,377
Building Size: 6,886 sqft
Lot Area: 0.6 acres
Occupancy: 100%
Zoning: B2-Commercial
Description:
• The subject property is located approximately 2 miles from Hickory Point Mall, a 782,000+ SF center featuring national/credit tenants such as T.J. Maxx, Ross, Kohl’s, Ulta Beauty, Taco Bell, Panda Express, Texas Roadhouse, Verizon, and more
• Less than two miles from a 239,880 SF Walmart Supercenter that also has Sam’s Club, Burger King, Arby’s, and others
• The site is located in a dense retail corridor that includes national/credit tenants such as Target, Starbucks, Chipotle, McDonald’s, Best Buy, and more
• Strong tenant synergy promotes crossover shopping to the subject property
Location

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