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Strickland Brothers 10 Min. Oil Change

610 E Burleigh Blvd, Tavares (Orlando MSA), FL, 32778
For Sale

Property Details

  • Price: $2,580,000
  • Property Type: Retail
  • Availability: Available
  • Transaction Type: For Sale
  • Cap Rate: 6.00%
  • Lot Size: 1.25 AC
  • Lease Type: Absolute NNN
  • Lease Term: 15 years
  • Year Built: 2023
  • Available SF: 1,730 SF

Property Description

SECURE INCOME STREAM

  • New 15-Year Absolute NNN Lease, Zero Landlord Responsibilities
  • 10% Rent Increases Every 5 Years and Renewal Options
  • Personal Guaranteed Lease, 140+ Locations in 24 States
  • Over 200 New Strickland Brothers Locations Planned by 2024
  • Princeton Equity Invested in Strickland Brothers in 2021 to Fuel Aggressive Expansion Plans
  • Oil Change Facilities May Qualify for 60% Accelerated Bonus Depreciation Potential for 2024 (Consult with CPA)
  • Expanding Franchisee with Exclusive Rights to Territory, Strong Personal Guaranty (Inquire with Broker)

PROXIMITY

  • 1-Mile to Advent Health Waterman, a 300-Bed Hospital with Over 2,265 Employees, Treating Over 65,000 Patients/Year
  • Excellent Visibility to 58,500 VPD Along Highway 441, Direct Access to Orlando
  • 79,000 Residents in Primary Trade Area
  • Close Proximity to Avalon Park, a 155-Acre Community with Over 1,100 Residential Units
  • Minutes to Lake Sumter State College with 4,760 Students and 371 Employees
  • Lake County is the 6th Fastest Growing County in Florida
  • Surrounded by Several K-12 Schools with 4,054 Combined Students

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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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