Peru Specialty for Sale - I-39 Corr/LaSalle County
Commercial Plus, LLC is pleased to offer the fee-simple interest in a stabilized express car wash property in Peru, Illinois. Positioned on 0.82 acres with direct visibility to Highway 251 and immediate access to Interstate 80, the property combines prime frontage, regional accessibility, and retail density. The property is 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 (contractual rent escalations) while shifting taxes, insurance, and maintenance 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 contact 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: 0.82 +/- AC
• Building Size: 5,180 +/- SF
• Frontage: 85 +/- FT along Mahoney Dr
• Traffic: 8,000 +/- VPD (Hwy 251 corridor 18,000+ 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
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
• Retail Adjacency: Anchors include Walmart, Target, Menards, Hobby Lobby, Home Depot, & more
• Portfolio Option: Available individually or within a larger 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.
