1821 N Morton Ave - Specialty FOR SALE


Morton, IL 61550
$3,375,000 USD
480-622-0050
1821 N Morton Ave, Morton, IL for Sale
$3,375,000 USD
Specialty - FOR SALE
1/3
null | Request Cap Rate

1821 N Morton Ave
Morton, IL 61550


HIGHLIGHTS

  • Passive Income: 20-year absolute NNN lease with no landlord duties
  • Tax Benefits: Accelerated depreciation maximizes first-year tax efficiency
  • Corporate Credit: Backed by a strong regional operator with a corporate guarantee
  • Retail Adjacency: Anchored by Walmart Supercenter, Starbucks, and other national brands
  • Accessibility: Minutes from I-74, enhancing commuter and regional exposure
  • Portfolio Growth: Optional aggregation with additional sites for scale and diversification

OVERVIEW

Commercial Plus, LLC is pleased to present the opportunity to acquire the fee-simple interest in a stabilized express car wash in Morton, Illinois. This 0.91-acre site sits at a signalized hard corner with 125 feet of frontage along Morton Avenue, offering premium visibility and access to over 20,500 vehicles per day. The property is secured by a 20-year absolute triple-net (NNN) lease, guaranteed at the corporate level by Sparkle Express Car Wash, Inc., providing institutional-grade stability and passive income For investors, Morton combines secure rent with hands-off ownership, reliable escalations, and powerful tax efficiency. With 100% bonus depreciation in the first year of ownership (per buyer’s tax advisor), investors can front-load tax savings while collecting predictable rent growth through 2% annual escalations. 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 contact 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: 0.91 +/- AC • Building Size: 3,600 +/- SF • Frontage: 125 +/- FT along Morton Avenue • Traffic: 20,500 +/- 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 one of ownership KEY INVESTMENT DRIVERS • 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 at signalized hard corner of Morton Ave (~20,500 VPD) • Portfolio Option: Available individually or within a four-site portfolio across the Central Illinois Corridor WHY INVEST IN THE CENTRAL ILLINOIS CORRIDOR? The Central Illinois Corridor, anchored by Peoria, Ottawa, Morton, and Macomb, reaches over 513.6K people across 211.8K households, with an average household income of $92.1K+. This provides a compelling blend of stability, growth, and diversification, especially when viewed through the lens of value investing. Landlord fundamentals are reinforced by the corridor’s interstate connectivity (I-74/I-80/I-39), strong mobility (˜1.85 vehicles/household), and ongoing industrial/logistics investment with blue-chip anchors (e.g., Caterpillar, OSF, Frito-Lay, Trader Joe’s, Ameren, Komatsu), which collectively support steady traffic, employment, and spend. For value-minded investors, fee-simple positions in these infill submarkets offer secure absolute NNN income (with corporate guarantees and built-in escalators) plus long-term land appreciation; paired with accelerated depreciation (per buyer’s tax counsel), the result is a compelling blend of predictable cash flow, tax efficiency, and durable exit optionality.

FOR SALE DETAILS

PRICE

$3,375,000 USD

PRICE/SF

$938 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Investment-Grade NNN Car Wash in IL #cw02-il

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Car Wash

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

Commercial (General)

APN/PARCEL ID

06-06-08-406-030

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.