1560 Algonquin RdAlgonquin, IL 60102

For Sale
$1,500,000

High-return, corporate-guaranteed auto shop.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a fee-simple, 3,300 square foot Strickland Brothers 10-Minute Oil Change location in Algonquin, Illinois. The property boasts a 15.3-year absolute NNN lease (12.5 years remaining) commencing March 1, 2022, and expiring May 31, 2037. The lease includes four, 5-year renewal options with a 10% rent increase every five years, ensuring consistent income growth. The tenant, Strickland Brothers, is a nationally recognized brand with over 200 locations across 24 states, providing a strong corporate guarantee. The property, renovated in 2022, sits on a 0.32-acre lot with 8 parking spaces and enjoys excellent visibility, with 35,100 cars passing daily. The property's strong performance is further supported by a 7.00% cap rate and a Net Operating Income (NOI) of $104,975. The location benefits from a high-traffic area with a growing trade area of 133,332 people and affluent demographics, boasting an average household income of $125,524. Nearby establishments include Jewel-Osco, Goodwill, Dollar Tree, Starbucks, McDonald's, Chase Bank, Walgreens, and Dunkin'. The property's strategic location across from Jewel-Osco and adjacent to a newly renovated shopping center, combined with its proximity to several K-12 schools and its 40-mile distance to downtown Chicago, makes this a compelling investment. The 100% occupancy since May 31, 2022, solidifies its financial stability. This is a stabilized investment with significant long-term potential.

Highlights

  • High-traffic location with 35,100 cars per day.
  • Strong trade area with 129,223 residents.
  • Affluent demographics boasting $125,524 average household income.
  • Excellent co-tenancy with Jewel-Osco.
  • Adjacent to a newly renovated shopping center anchored by Goodwill and Dollar Tree.
  • Surrounded by K-12 schools totaling 1,654 students.

Property Details for 1560 Algonquin Rd

Property type
Other retail properties, Automotive properties
Square Feet
3,300 SF
Year Renovated
2022
Lot Size (sq. ft)
13,939 SF

Location Insight

City
Algonquin
County
McHenry
State
Illinois
Latitude
42.1601138
Longitude
-88.2720559
1560 Algonquin Rd, Algonquin, Illinois

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1560 Algonquin Rd
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