465 Weber RdBolingbrook, IL 60490

For Sale
$4,628,000

High-Yield Car Wash Investment, Illinois

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fee-simple owned, 2,345-square-foot car wash located at 465 S Weber Rd, Bolingbrook, IL 60490. Built in 2001 on a 0.43-acre lot, the property boasts a strong 6.00% capitalization rate, generating a net operating income (NOI) of $277,697. Currently operating at 100% occupancy with a corporate guaranteed tenant, Circle K, this property offers significant long-term value. The lease is an absolute NNN structure, eliminating landlord responsibilities. The lease includes annual rent bumps throughout the initial term and each option period, providing consistent income growth. With 28 parking spaces and a prime location on a signalized, hard-corner intersection experiencing 60,000 vehicles per day, this car wash benefits from exceptional visibility and high traffic volume. Seven years remain on the current lease, with options to extend, ensuring a stable and predictable income stream. The strong demographics within a 5-mile radius further solidify this investment's potential. The property's APN is 12-02-18-409-002. This is a rare opportunity to acquire a well-performing, low-maintenance car wash in a desirable location with a highly creditworthy tenant.

Highlights

  • $4,628,000 asking price for this fee simple, absolute NNN car wash.
  • 6.00% cap rate with a $277,697 net operating income (NOI).
  • 2,345 square feet on a 0.43-acre lot with 28 parking spaces.
  • Located at a signalized, hard-corner intersection in Bolingbrook, IL (60,000 vehicles per day), with a strong national tenant (Circle K) and corporate guarantee.
  • 100% occupancy with seven years remaining on the lease, including options to extend and annual rent increases.

Property Details for 465 Weber Rd

Property type
Other specialty properties, Automotive properties
Square Feet
2,345 SF
Year Built
2001
Lot Size (sq. ft)
18,731 SF

Location Insight

City
Bolingbrook
County
Will
State
Illinois
Latitude
41.6840457
Longitude
-88.1264175
465 Weber Rd, Bolingbrook, Illinois

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465 Weber Rd
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