For Sale
$4,110,000

1307 Joliet St Dyer, IN 46311

High-yield car wash, absolute NNN lease.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a fee-simple owned Circle K car wash located at 1307 Joliet St, Dyer, IN 46311, within Lake County's Route 30 District. Built in 2013, the 2,345 square foot facility sits on a 0.43-acre lot and boasts 30 parking spaces. Currently operating at 100% occupancy with a corporate guarantee from Circle K, this property offers a compelling 6.00% cap rate and a strong NOI of $246,572. The absolute NNN lease structure ensures minimal landlord responsibilities, with annual rent increases built into the initial term and subsequent option periods. The property benefits from its strategic location in a dense retail corridor, near Dyer Town Center and Crossroads Shopping Center, and enjoys strong demographics within a 5-mile radius. The property's APN is 45-11-18-201-011.000-034. Seven years remain on the lease, with options to extend. This is a turnkey investment with significant upside potential. Asking price is $4,110,000.

Highlights

  • 7-year lease remaining with options to extend; scheduled rent increases; Circle K corporate guarantee.
  • Absolute NNN lease; fee simple ownership; minimal landlord responsibilities.
  • Excellent location near Dyer Town Center and Crossroads Shopping Center in a dense retail corridor.
  • Strong demographics within a 5-mile radius.

Property Details for 1307 Joliet St

Property type
Specialty properties, Car washes
Square Feet
2,345 SF
Year Built
2013
Lot Size (sq. ft)
18,731 SF

Location Insight

City
Dyer
County
Lake
State
Indiana
Latitude
41.4920685
Longitude
-87.4978829

FAQs

What type of property is this?
Specialty property - High-yield car wash, absolute NNN lease.
Where is the specialty property located?
The property is located at 1307 Joliet St Dyer, IN.
What is the asking price?
The asking price for this property is $4,110,000.
What are key features of this property?
This property features: 7-year lease remaining with options to extend; scheduled rent increases; Circle K corporate guarantee.; Absolute NNN lease; fee simple ownership; minimal landlord responsibilities.; Excellent location near Dyer Town Center and Crossroads Shopping Center in a dense retail corridor.
How can I contact the broker?
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1307 Joliet St
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