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Strickland Brothers Oil | Corporate Guarantee 1560 Algonquin Rd

3,300 SF Retail Building Algonquin, IL 60102 $1,615,000 ($489/SF) 6.50% Cap Rate

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INVESTMENT HIGHLIGHTS

15-YR. ABSOLUTE NNN LEASE WITH CORPORATE GUARANTY
129,223 RESIDENTS IN GROWING TRADE AREA

STRONG PERFORMING LOCATION WITH 23-YR. OPERATING HISTORY

Strickland Brothers (Algonquin, IL)

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Auto Repair

Building Size

3,300 SF

Building Class

Year Built/Renovated

1999/2022

Price

$1,615,000

Price Per SF

$489

Cap Rate

6.50%

NOI

$104,981

Tenancy

Single

Building Height

1 Story

Building FAR

0.24

Lot Size

0.32 AC

Zoning

Commercial

Parking

8 Spaces (2.42 Spaces per 1,000 SF Leased)

AMENITIES

Pylon Sign

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