Property Description
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
