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Strickland Brothers 10 Min. Oil Change

1560 E. Algonquin Rd, Algonquin, IL, 60102
For Sale

Property Details

  • Price: $1,615,000
  • Property Type: Retail
  • Availability: Available
  • Transaction Type: For Sale
  • Cap Rate: 6.50%
  • Lot Size: 0.32 AC
  • Lease Type: Absolute NNN
  • Lease Term: 15 years
  • Year Built: 1999
  • Available SF: 3,300 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
  • Strong Performing Location with 23-Year Operating History, Recently Acquired by Strickland Brothers
  • Strickland Brothers Operates 140+ Total Locations
  • Princeton Equity Invested in Strickland Brothers in 2021 to Fuel Aggressive Expansion Plans

PROXIMITY

  • Excellent Access and Visibility to 35,100 Cars/Day
  • 133,332 Residents in Trade Area
  • Affluent Demographics with an Average Household Income of $121,587
  • Across from Jewel-Osco, one of the Largest Grocers in the Midwest
  • Adjacent to Newly Renovated Goodwill and Dollar Tree Anchored Center
  • Surrounded by Several K-12 Schools with 1,654 Students Combined
  • Other National Tenants in the Area Include Starbucks, McDonald’s, Chase Bank, Walgreens and Dunkin’
  • 40 Miles to Downtown Chicago

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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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