- The tenant will have 7 years of term remaining with 4 (5-year) options to extend, demonstrating their commitment to the site
- The lease features annual increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation
- The lease is backed by Circle K, while the car wash is branded True Blue
Investment Offering
Hobart, IN - Circle K Car Wash
8585 E 37th Ave | Hobart, IN 46342
Description
Location
- The True Blue is located near the signalized, hard-corner intersection of US Highway 6, and State Highway 51&130, combining to average over 37,000 vehicles passing by daily
- The property is in the center of a primary retail corridor with other nearby national/credit tenants including Taco Bell, O’Reilly, White Castle, Take 5 Oil Change, Aldi and more, further increasing consumer traffic to the site
- Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215