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Strickland Brother 10 Min. Oil Change

1560 E. Algonquin Rd | Algonquin | IL | 60102


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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 Options
    • Strong Performing Location with 23-Year Operating History, Recently Acquired by Strickland Brothers
    • 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
    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

Property Details

  • Available SF: 3,300 SF
  • Price: $ 1,680,000
  • Transaction Type: For Sale
  • Property Type: Retail
  • Lot Size: 0.32 AC
  • Cap Rate: 6.25%
  • Year Built: 1999
  • Lease Term 15 years
  • Availability: Available
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Financial Summary

Investment Highlights

Price $1,680,000.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $1,680,000.00

 

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