request_info_guest false

Dyer, IN - Circle K Car Wash

$3,653,000

1307 Joliet St, Dyer, IN 2345

Active
Last Updated: 12/06/2024

6.75

Cap Rate

246,572

NOI

Details:
Cap Rate:    6.75%
NOI:    $246,572
Building Size:    2,345 sqft
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

• The subject property is located less than 1 mile from Dyer Town Center, a Jewel-Osco anchored center, featuring national/credit tenants such as Starbucks, Crumbl Cookies, Orange Theory, McDonald’s, Taco Bell, Chili’s, and more
• Less than 1 mile west of the Crossroads Shopping Center, a 300,000+ SF center with major tenants including Walmart, Strack & Van Til, Dunkin’, Popeyes, Arby’s, pOpshelf, Verizon, and more
• Strong tenant synergy promotes crossover shopping to the subject property

Map:
Location
Gallery