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Strickland Brothers 10 Min. Oil Change

5200 W. Elm St, McHenry, IL, 60050
For Sale

Property Details

  • Price: $1,615,000
  • Property Type: Retail
  • Availability: Available
  • Transaction Type: For Sale
  • Cap Rate: 6.50%
  • Lot Size: 0.39 AC
  • Lease Type: NNN
  • Year Built: 1996
  • Tenancy: Single Tenant
  • Available SF: 3,000 SF
  • Year Renovated: 2022

Property Description

SECURE INCOME STREAM

  • New 15-Year Absolute NNN Lease, Zero Landlord Responsibilities
  • 10% Rent Increases Every 5 Years and Renewal Options
  • Corporate Guaranteed Lease, Operates 140+ Locations in 24 States
  • Over 200 New Strickland Brothers Locations Planned by 2024
  • Strong Performing Location (Inquire with Broker), 26-Year Operating History
  • Princeton Equity Invested in Strickland Brothers in 2021 to Fuel Aggressive Expansion Plans

PROXIMITY

  • Excellent Access and Visibility to 19,400 Cars/Day
  • 58,338 Residents in Trade Area
  • Affluent Demographics with an Average Household Income of $105,245
  • Surrounded by Several K-12 Schools with 2,246 Students Combined
  • 3.5 Miles to Northwestern McHenry Hospital, a 179-Bed Facility with Over 700 Employees
  • Minutes to McHenry County College with 7,473 Students and Over 1,000 Employees
  • McHenry is Located within McHenry County, the Sixth Largest in Illinois with a Population Over 300,000
  • Major Employers in McHenry County Include Centegra Health System, School District 158, Follett Library Resources, Catalent Pharma Solutions and Mercy Health System
  • 55 Miles from Downtown Chicago, 42 Miles to O’ Hare International Airport

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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