Strickland Brothers

4819 West 93rd Street, Oak Lawn, IL 60453

$1,084,000

Cap Rate 6.25%

Views: 93 DOM: 219 Updated: 09.05.24 Posted: 02.01.24 Status: Active

Summary

Price $1,084,000	Built/Renov 1986/2023	Tenant Strickland Brothers
Cap Rate 6.25%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 1,841	Lease Start 06-22-2023	#Units 173
Price/SF $588.81	Expiration 09-30-2038	Tenant Type Automotive
NOI $67,724	R. Term 14.0	Ownership Fee Simple
Rent/SF $36.79	Increases 10.0%/5/yrs	Pop 5Mi 504,931
Lot/AC 0.30	Options 4/5yrs/10%	AHHI 5Mi $89,076

Lease Highlights

Strickland Brothers has 14+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and each option period
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Strickland Brothers is strategically located at the signalized, hard corner intersection of 93rd Street/Southwest Hwy and Cicero Ave, with a combined substantial daily traffic count of 62,350 vehicles. Furthermore, it is conveniently situated ess than half a mile from Advocate Christ Medical Center and approximately 1.5 miles from Saint Xavier University, which has an enrollment of 3,523...

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Key Features

Recent renovation
Build to suit
High traffic 50M+ VPD
Near major nationals
Top 100 MSA
Strong demographics
Absolute NNN
Long 10+ yr lease
Accelerated depreciation
Corporate Guarantee

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Links

Strickland Brothers Wikipedia Oak Lawn, Illinois Zip Code 60453 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Strickland Brothers
Guarantor:Corporate
Company:Princeton Equity Group
# Units:173
Stock:Private

About Tenant

Strickland Brothers is a fast-growing one-stop shop for oil changes and vehicle maintenance services. The company is well-known for its drive-thru 10-minute oil change and offers a list of...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	20,883	176,912	492,018
2023 Total Population :	21,442	181,759	504,931
2023 Employed Civilian Pop :	10,671	87,613	231,123
2023 Total Businesses :	738	4,100	11,689
2023 Average Household Income :	$ 93,787	$ 98,421	$ 89,076
2023 Total Consumer Spending :	$ 669 M	$ 5477 M	$ 13848 M
2023 Median Age :	43	39	38
2023 Total Households :	8,392	65,286	181,089
2023 Pop Age 25+: Bachelor's Degree :	3,004	23,533	55,040
2023 Average Home Value :	$ 242,835	$ 262,841	$ 258,951

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
West 93rd Street	Alley	2022	20,600	0.02 mi
Cicero Ave	94th St	2013	43,100	0.16 mi
W 95th St	Cicero Ave	2009	36,500	0.24 mi
W 95th St	49th Ave	2013	37,800	0.24 mi
W 95th St	Hilton Dr	2013	40,800	0.26 mi
IL 50		2021	39,000	0.27 mi
Cicero Ave	96th St	2013	43,700	0.34 mi
US 12;US 20		2021	36,200	0.38 mi
S 52nd Ave	Ruby St	2014	5,050	0.46 mi
South 52nd Avenue	W 97th St	2022	3,950	0.47 mi

Listing Broker

Calvin Short

Berkeley Capital Advisors

Contact

175 Listings
18663 Views
22 Sold

Aron Cline

Berkeley Capital Advisors

Contact

168 Listings
18040 Views
20 Sold

Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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