Call Us Today: 760 930 7931

Confidentiality Agreement

Confidentiality agreement sub heading

I have read and agree to the Confidentiality Agreement

Agreement

Share this property with your friends

Please type comma separated emails if you want to share these properties with multiple people.

Submit Offer

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

Download File

Download File

Download Offering Memorandum

3D Tour

Offering Memorandum
Share this property

Request Information


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

>