NNN Leased Castrol Clean & Lube Coal Valley IL

*Easy Leasebacks and SVN Silveri Co are offering this attractive investment property with a fresh 15 Year, Absolute Triple Net Corporate Lease to Clean and Lube Incorporated. There are annual rent increases during the base 15 years and during the two-15-year renewal option periods. This well-located and busy car wash is enjoying a complete renovation and will soon feature two new Castrol Premium Lube Express Oil Change bays, one automatic wash, one large self-serve bay and Clean and Lube Community Car Wash Fundraisers. The tenant pays ALL costs. Clean and Lube Inc., teaming with brand favorite Castrol Oil, is opening 15 “Castrol Clean and Lube” locations by the end of this summer in Ohio and Illinois and expects to have over 100 locations in the next 5 years. This NNN leased property offers a solid, affordable real estate investment that is leased long term by an essential, recession-resistant and Covid-resistant business tenant. The location is on a busy commercial road just east of the Quad Cities International Airport and visible from US 280. There are over 70,000 people living within a 5-mile radius. We can provide a recent phase one report and an ALTA Survey, saving you thousands of dollars. This attractive investment property can be combined with more Clean and Lube leased locations to round out a larger portfolio or a 1031. Co-Listed with Alex Ruggieri of SVN / North Star.