Fee-Simple NNN Investment Property in Morton, Illinois
Fee-Simple Real Estate | Corporate-Guaranteed NNN Lease
Marketing description
Commercial Plus, LLC is pleased to present the opportunity to acquire the fee-simple interest in a stabilized express car wash in Morton, Illinois. This 0.91-acre site sits at a signalized hard corner with 125 feet of frontage along Morton Avenue, offering premium visibility and access to over 20,500 vehicles per day. The property is secured by a 20-year absolute triple-net (NNN) lease, guaranteed at the corporate level by Sparkle Express Car Wash, Inc., providing institutional-grade stability and passive income
For investors, Morton combines secure rent with hands-off ownership, reliable escalations, and powerful tax efficiency. With 100% bonus depreciation in the first year of ownership (per buyer’s tax advisor), investors can front-load tax savings while collecting predictable rent growth through 2% annual escalations.
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 get in touch with the listing agent to request the full Offering Memorandum, detailed lease abstracts, and materials for this site and the remaining portfolio assets
Fee-Simple NNN Investment Opportunity in Illinois Non-Disclosure Agreement
PROPERTY & OPPORTUNITY SNAPSHOT
Lot Size: 0.91 +/- AC
Building Size: 3,600 +/- SF
Frontage: 125 +/- FT along Morton Avenue
Traffic: 20,500 +/- VPD
Lease: 20-year NNN lease through March 12, 2044
Rent Growth: 2% annual increases
Tenant: Sparkle Express Car Wash, Inc. (Corporate Guarantee)
Depreciation Advantage: 100% bonus depreciation in year one of ownership
Investment highlights
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
Strategic Location: Premium frontage at signalized hard corner of Morton Ave (~20,500 VPD)
Portfolio Option: Available individually or within a four-site portfolio across the Central Illinois Corridor
INVESTOR HIGHLIGHTS
Passive Income: 20-year absolute NNN lease with no landlord duties
Tax Benefits: Accelerated depreciation maximizes first-year tax efficiency
Corporate Credit: Backed by a strong regional operator with a corporate guarantee
Retail Adjacency: Anchored by Walmart Supercenter, Starbucks, and other national brands
Accessibility: Minutes from I-74, enhancing commuter and regional exposure
Portfolio Growth: Optional aggregation with additional sites for scale and diversification
WHY INVEST IN THE CENTRAL ILLINOIS CORRIDOR?
The Central Illinois Corridor, anchored by Peoria, Ottawa, Morton, and Macomb, reaches over 513.6K people across 211.8K households, with an average household income of $92.1K+. This provides a compelling blend of stability, growth, and diversification, especially when viewed through the lens of value investing. Landlord fundamentals are reinforced by the corridor’s interstate connectivity (I-74/I-80/I-39), strong mobility (≈1.85 vehicles/household), and ongoing industrial/logistics investment with blue-chip anchors (e.g., Caterpillar, OSF, Frito-Lay, Trader Joe’s, Ameren, Komatsu), which collectively support steady traffic, employment, and spending.
For value-minded investors, fee-simple positions in these infill submarkets offer secure absolute NNN income (with corporate guarantees and built-in escalators) plus long-term land appreciation; paired with accelerated depreciation (per buyer’s tax counsel), the result is a compelling blend of predictable cash flow, tax efficiency, and durable exit optionality.
For information on additional sites in the portfolio or to request access to the full Offering Memorandum, please click below to connect with us directly and complete the NDA for this property
Fee-Simple NNN Investment Opportunity in Illinois Non-Disclosure Agreement
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