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Strickland Brothers 10 Min. Oil Change

218 N Northwest Hwy, Palatine (Chicago MSA), IL, 60067
For Sale

Property Details

  • Price: $2,323,000
  • Property Type: Retail
  • Availability: Available
  • Transaction Type: For Sale
  • Cap Rate: 6.50%
  • Lot Size: 0.40 AC
  • Lease Type: Absolute NNN
  • Lease Term: 15 years
  • Year Built: 2024
  • Available SF: 1,750 SF

Property Description

SECURE INCOME STREAM

  • Brand New 15-Year Absolute NNN Lease – 10% Increases Every 5 Years, Zero Landlord Responsibilities
  • Corporate Guaranteed Lease – 140+ Locations with Additional 200 New Strickland Brothers Locations Planned by End of 2024
  • Recent Private Equity Investment – Princeton Equity Group, Sponsor of Growth Oriented Brands Including Massage Envy, Card My Yard, European Wax Center and Urban Air Adventure Park
  • Fee Simple Ownership – Bonus Depreciation Potential
    (Consult Accountant)

PROXIMITY

  • Affluent and Infill Trade Area – 251,998 Residents in Growing Trade Area with $142,164 Average Household Income in 5-Mile Radius
  • Excellent Access and Visibility – 28,240 VPD Along Major Retail Trade Area
  • Close Proximity to Harper College and Roosevelt University -14,515 Combined Students and 1,289 Employees
  • 77,000+ Employers and Over 1.2M Employees – within a 30- Minute Drive

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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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