2950 Fairfield Ln - Car Washes FOR SALE


Ottawa, IL 61350
$3,375,000 USD
815-587-7781
2950 Fairfield Ln, Ottawa, IL for Sale
$3,375,000 USD
Car Washes - FOR SALE
1/2
null | Request Cap Rate

2950 Fairfield Ln
Ottawa, IL 61350


OVERVIEW

Commercial Plus, LLC is pleased to present the opportunity to acquire the fee-simple interest in a stabilized express car wash property in Ottawa, Illinois. This 1.08-acre site offers 250 feet of prime frontage, excellent visibility, and convenient access with multiple ingress/egress points. The property is secured by a 20-year absolute triple-net (NNN) lease with no landlord responsibilities and backed by a corporate guarantee from Sparkle Express Car Wash, Inc., ensuring predictable, long-term cash flow. For investors, Ottawa combines credit-backed passive income with tax-efficient ownership, including the ability to utilize 100% bonus depreciation first year of ownership (per buyer’s tax advisor). The location benefits from strong retail co-tenancy, proximity to Interstate 80, and a resilient consumer base, making it a compelling play for investors seeking both stable income and long-term asset appreciation. 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 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 • Long-Term Value: NNN income and premium appreciating infill real estate • Portfolio Option: Available individually or within a four-site portfolio across the Central Illinois Corridor

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

Car Wash NNN Investment in Ottowa IL #cw02-il

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

NEC

APN/PARCEL ID

14-36-369000

ASK ABOUT THIS PROPERTY

Alexander PavoneCommercial Plus GroupMore Info
815-587-7781

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Alexander PavoneCommercial Plus GroupMore Info
815-587-7781

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