1631 E Jackson - Car Washes FOR SALE


Macomb, IL 61455
$3,375,000 USD
480-622-0050
1631 E Jackson, Macomb, IL for Sale
$3,375,000 USD
Car Washes - FOR SALE
1/2
null | Request Cap Rate

1631 E Jackson
Macomb, IL 61455


HIGHLIGHTS

  • Corporate-Backed Income: NNN obligations guaranteed by Sparkle Express Car Wash, Inc.
  • Pure Passive Income: Absolute NNN lease ensures zero landlord responsibilities
  • Bonus Depreciation: 100% accelerated depreciation available in year one
  • Stable Growth: 2% annual rent increases provide predictable income appreciation
  • Strategic Location: Premium frontage on Jackson St (~12,000 VPD) and adjacency to national retailers
  • Portfolio Option: Available individually or within a four-site portfolio across the Central Illinois Corridor

OVERVIEW

Commercial Plus, LLC is pleased to offer the fee-simple interest in a stabilized express car wash property in Macomb, Illinois, secured by a 20-year absolute triple-net (NNN) lease with no landlord responsibilities and a corporate guarantee from the tenant. The lease provides predictable, growing cash flow (through contractual rent escalations) while shifting taxes, insurance, and maintenance costs to the tenant, delivering truly passive, credit-backed income. For investors, ownership also unlocks accelerated depreciation / cost-segregation potential (per buyer’s tax advisor), combining tax efficiency with durable, long-term security. Portfolio Note - This asset is one of four Central Illinois sites (Macomb, Morton, Ottawa, Peru) available individually or as a portfolio. A portfolio acquisition offers scale, geographic diversification, and a larger corporate-backed income stream across multiple markets. Next Steps - Please get in touch with the listing agent to request the full Offering Memorandum, detailed lease abstracts, and materials for this site and the remaining portfolio assets PROPERTY & OPPORTUNITY SNAPSHOT • Lot Size: 1.32 +/- AC • Building Size: 5,400 +/- SF • Frontage: 150 +/- FT along Jackson Street • Traffic: 11,900 +/- VPD • Lease: 20-year NNN lease through March 12, 2044 • Rent Growth: 2% annual increases • Tenant: Sparkle Express Car Wash, Inc. (Corporate Guarantee) • Depreciation Advantage: 100% bonus depreciation in Year 1 of ownership

FOR SALE DETAILS

PRICE

$3,375,000 USD

PRICE/SF

$625 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corporate-Backed NNN Investment #cw02-il

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

NEC

APN/PARCEL ID

11-301-165-30

ASK ABOUT THIS PROPERTY

Alexander PavoneCommercial Plus GroupMore Info
480-622-0050

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Alexander PavoneCommercial Plus GroupMore Info
480-622-0050

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.