Valparaiso, IN - 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 near the signalized, hard-corner intersection of E. Glendale Blvd, and Calumet Ave., combining to average over 35,500 vehicles passing by daily
• The property is in the center of a primary retail corridor with other nearby national/credit tenants including Taco Bell, CVS, Wendy’s, Take 5 Oil Change, Dollar General 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