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Strickland Brothers 10 Min. Oil Change

1500 Odgen Ave | Downer Grove | IL | 60050


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Confidentiality Agreement

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Property Highlights

  • SECURE INCOME STREAM
    • New 15-Year Absolute NNN Lease, Zero Landlord Responsibilities
    • 10% Rent Increases Every 5 Years and Renewal Option
    • Strickland Brothers Operates 100+ Locations, Projected to Have Over 200 Stores by End of 2022
    • Princeton Equity Invested In Strickland Brothers in 2021 to Fuel Aggressive Expansion Plans
    • Established Oil Change Facility with 40+ Year Operating History
    • Fee Simple Lease, Allowing for Accelerated Depreciation
    Proximity
    • Excellent Access and Visibility to 39,825 VPD Along Main Retail Corridor in Downers Grove
    • Affluent Trade Area with an Average Household Income of $164,852 in One-Mile Radius
    • 267,217 Residents in Primary Trade Area
    • Strong Daytime Population of 264,766
    • Just off I-88 with 76,000 VPD and Direct Access to Downtown Chicago
    • High Barrier to Entry Market, Limited Available Land and Development Opportunities
    • Minutes to College of DuPage and Midwestern University with 23,997 Students and 5,336 Employees Combined
    • 1 Mile to 333-Bed Advocate Good Samaritan Hospital with 2,500 Employees
    • Surrounded by Several K-12 Schools with 4,898 Students Combined
    • National Tenants in the Area include Trader Joe’s, Target, Aldi, Fresh Market, Jewel-Osco, CVS and Walgreens
    • 15 Miles to Chicago Midway International Airport and 22 Miles West Downtown Chicago

Property Details

  • Available SF: 1,952 SF
  • Price: $ 1,091,000
  • Transaction Type: For Sale
  • Property Type: Retail
  • Lot Size: 0.41 AC
  • Cap Rate: 6.75%
  • Year Built: 1996
  • Tenancy: Single Tenant
  • Lease Type NNN
  • Availability: Available
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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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