Sparkle Express Car Wash | Fee Simple | PE-Backed Tenant
NNN Express Car Wash Investment Opportunity | 6.5% Cap Rate
Marketing description
Investment Overview
Commercial Plus, LLC is proud to present a rare investment opportunity to acquire an express car wash with long-term, stable income potential in East Peoria, Illinois. Built in 2019, this modern facility offers prime visibility in one of the area’s most sought-after retail corridors. The property is backed by a 20-year lease, structured as an absolute triple-net (NNN) agreement with no landlord responsibilities, providing stable income through its expiration on March 12, 2044. The tenant, Sparkle Express Car Wash, is a rapidly growing, membership-based operator with 19+ locations across Georgia, South Carolina, and Illinois.
Situated on a 1.5-acre property, this 5,970-square-foot building is outfitted with modern express car wash infrastructure, including a large tunnel, pay stations, and self-serve vacuums. The property is located in a high-traffic retail and industrial corridor, featuring 211 feet of frontage along West Camp Street and exposure to over 17,400 vehicles daily. Access to the site is provided by dedicated right-turn and left-turn lanes. Nearby major national retailers include Target, Aldi, and Costco, as well as key industrial employers such as Caterpillar Inc., which supports over 12,000 employees.
Connect
For additional information or to request access to the full Offering Memorandum, please click below to connect with us directly and complete the NDA for this property
Sparkle Express Non-disclosure Agreement
Investment highlights
Absolute Triple-Net (NNN) Lease: Guaranteed stability with a 20-year lease and zero landlord responsibilities.
Premium Cap Rate: Secure a premium 6.5% cap rate based on lease year one and 6.6% lease year two based on 2% annual increases every lease year thereafter.
Existing Reliable Tenant: Sparkle Express Car Wash is an expanding membership-based car wash provider with 19+ locations across multiple states.
Modern Express Car Wash Equipment: The facility includes a 150 FT tunnel outfitted with AVW equipment, 20 Eurovac self-serve vacuum stalls, and two Hamilton pay stations.
Prime Location: Proximity to major highways, including just 0.2 miles from the I-74 on-ramp and 0.6 miles from Highway 150, as well as Peoria’s riverfront and downtown areas.
Favorable Demographic Snapshot: Boasting a strong local market with approximately 155.8k residents and 48.1k households within a 5-mile radius.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
