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540 W Camp St
East Peoria, IL 61611

$5,600,000 USD

Land For Sale  •  1.5 AC

Property Details

  • Property Type Land
  • Lot Size 1.5 AC
0 Transit Score
46 Walk Score

Description

Commercial Plus, LLC presents a real estate investment opportunity in East Peoria, Illinois. The 1.5-acre property features a 5,970-square-foot building, completed in 2019, designed for modern express car wash operations. Located in a high-traffic corridor along West Camp Street with 211 feet of frontage, the property is surrounded by major retailers such as Target, Aldi, and Costco, as well as prominent industrial employers like Caterpillar, Inc., which employs 12,000 people.

The tenant, Sparkle Express Car Wash, is a rapidly growing operator with more than 19 locations across Georgia, South Carolina, and Illinois. The area also boasts strong demographics, with a projected 2024 population of 113,934 within a five-mile radius, 48,132 households, and an average household income of $63,196. This combination of tenant stability, strategic location, and robust local demographics makes the property an attractive, long-term investment.

Leona Voltz | Commercial Plus, LLC
Illinois BR Lic. #471.007448

In Conjunction With

Alex Pavone | Commercial Plus, LLC
Arizona RE Lic. #SA662387000

Highlights

Lease Type: Absolute Triple-Net (NNN)
Cap Rate: 6.5%
Base Rent: $363,000 Annually
Lease Term Remaining: 19.4 Years
Renewal Options: Four 5-Year Options
Rent Increases: 2% Annually

Public Transportation

AirportDriveWalkDistance
General Downing - Peoria International 15 min - 7.3 mi
Alexander Pavone 480-622-0050 Commercial Plus Group
Alexander Pavone 480-622-0050 Commercial Plus Group