Fee-Simple NNN Investment Opportunity In Central Illinois
Property Description
Commercial Plus, LLC is pleased to offer the fee-simple interest in a stabilized express car wash property in Macomb, Illinois, secured by a 20-year absolute triple-net (NNN) lease with no landlord responsibilities and a corporate guarantee from the tenant. The lease provides predictable, growing cash flow (through contractual rent escalations) while shifting taxes, insurance, and maintenance costs to the tenant, delivering truly passive, credit-backed income. For investors, ownership also unlocks accelerated depreciation / cost-segregation potential (per buyer’s tax advisor), combining tax efficiency with durable, long-term security.
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
PROPERTY & OPPORTUNITY SNAPSHOT
• Lot Size: 1.32 +/- AC
• Building Size: 5,400 +/- SF
• Frontage: 150 +/- FT along Jackson Street
• Traffic: 11,900 +/- 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 the first year of ownership
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 Density: Walmart, Starbucks, and McDonald’s drive consistent customer flow
• Portfolio Growth: Optional aggregation with additional sites for scale and diversification
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 on Jackson St (~12K VPD) and adjacency to national retailers
• Portfolio Option: Available individually or within a four-site portfolio across the Central Illinois Corridor
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 spend.
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.
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
PROPERTY & OPPORTUNITY SNAPSHOT
• Lot Size: 1.32 +/- AC
• Building Size: 5,400 +/- SF
• Frontage: 150 +/- FT along Jackson Street
• Traffic: 11,900 +/- 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 the first year of ownership
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 Density: Walmart, Starbucks, and McDonald’s drive consistent customer flow
• Portfolio Growth: Optional aggregation with additional sites for scale and diversification
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 on Jackson St (~12K VPD) and adjacency to national retailers
• Portfolio Option: Available individually or within a four-site portfolio across the Central Illinois Corridor
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 spend.
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.
Listing Info
- ID:
- 2413919
- Listing Views:
- 8
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Listing ID: 2413919 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.