3101 Hedley RdSpringfield, IL 62704

For Sale
$3,876,000

High-Yield Retail Investment, 7 Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fee-simple owned, 6,886 square foot Circle K car wash located at 3101 Hedley Rd, Springfield, IL 62704. The property boasts a strong 6.00% cap rate, generating a net operating income (NOI) of $232,552 annually. Secured by a corporate guarantee from Circle K, this absolute NNN lease offers significant investor protection with seven years remaining and built-in rental increases. The property sits on a 0.6-acre lot with 28 parking spaces, situated in a high-traffic retail corridor near White Oaks Mall and White Oaks Plaza, benefiting from strong demographics within a 5-mile radius. The B-1 zoning ensures flexibility and future development potential. This single-tenant, 100% occupied storefront offers a compelling combination of secure income, long-term lease stability, and a prime location in a thriving retail area. The property's APN is 21-12.0-207-044. This is a turnkey investment with minimal landlord responsibilities, making it an ideal addition to any portfolio. The asking price is $3,876,000.

Highlights

  • 7-year NNN lease with Circle K corporate guarantee, options to extend, and built-in rent increases.
  • Fee-simple ownership, absolute NNN lease, zero landlord responsibilities.
  • Prime location near White Oaks Mall and White Oaks Plaza in a dense retail corridor.
  • Strong demographics within a 5-mile radius.

Property Details for 3101 Hedley Rd

Property type
Other retail properties, Individual retail properties
Square Feet
6,886 SF
Buildings
1
Lot Size (sq. ft)
26,136 SF

Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.7645798
Longitude
-89.7124972
3101 Hedley Rd, Springfield, Illinois

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3101 Hedley Rd
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