Map of Property

New 15-Yr. Abs. NNN Strickland Brothers Lease | 251,998 Residents in Trade Area

218 N Northwest Hwy, Palatine, IL 60067

  • For Sale $2,323,000
  • Property Type Other
  • Property Size 1,750 SF
  • Lot Size 0.4 SF
  • Parking Spaces Avail. 9
  • Year Built 2024
  • Date Updated Apr 30, 2024

SECURE INCOME STREAM

  • New 15-Year Absolute NNN Lease, Zero Landlord Responsibilities
  • 10% Rent Increases Every 5 Years and Renewal Options
  • Over 200 New Strickland Brothers Locations Planned by 2024
  • 8 Miles to Wolf Branch Innovation District, a Planned 850-Acre Mixed Use Project with 3,000 Residential Units
  • 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
  • Part of the Golden Triangle, which includes Mount Dora, Tavares and Eustis

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Attachments

Contacts

broker

Thomas Ladt

Location

Getting Around

  • Walk Score ®

    82/100 Very Walkable

  • Bike Score ®

    62/100 Bikeable
Powered by Walk Score ®
  • City Palatine, IL
  • Zip Code 60067
  • Market Chicago

Points of Interest

  • Palatine

    0.73 miles

  • Arlington Park

    1.90 miles

  • Arlington Heights

    3.34 miles

  • Barrington

    5.60 miles

  • Wheeling

    5.70 miles

  • Buffalo Grove

    6.08 miles

  • Mount Prospect

    6.21 miles

  • Prospect Heights

    6.68 miles

  • Prairie View

    7.04 miles

  • Cumberland

    7.58 miles

  • 7-Eleven Mobil Gas Station

    0.28 miles

  • Mobil

    1.06 miles

  • Clark

    1.53 miles

  • Speedway

    1.67 miles

  • Speedway

    1.73 miles

  • BP

    1.78 miles

  • Delta Sonic Car Wash

    1.97 miles

  • Mobil

    2.00 miles

  • EV Charger (Electric Car Parking)

    2.08 miles

  • Marathon

    2.69 miles

  • Mariano's Fresh Market Parking Lot

    0.39 miles

  • Arlinton Park Parking Metra Station

    1.86 miles

  • Deer Grove - East Parking Lot

    1.97 miles

  • Deer Grove Parking Lot

    2.35 miles

  • Deer Grove Parking Lot

    2.52 miles

  • Camp Alphonse Parking Lot

    2.72 miles

  • Deer Grove Parking Lot

    2.93 miles

  • P6

    3.72 miles

  • P7

    3.75 miles

  • Busse Center Garage

    3.79 miles

  • Days Inn & Suites by Wyndham Arlington Heights

    2.42 miles

  • Courtyard

    2.47 miles

  • Hampton Inn & Suites

    3.00 miles

  • Embassy Suites

    3.39 miles

  • Wyndham Garden Schaumburg Chicago Northwest

    3.52 miles

  • Renaissance Schaumburg Convention Center Hotel

    3.74 miles

  • Residence Inn by Marriott Chicago Schaumburg/Woodfield Mall

    4.00 miles

  • Four Points by Sheraton Buffalo Grove

    4.00 miles

  • Hyatt Regency Schaumburg, Chicago

    4.30 miles

  • Extended Stay America

    4.51 miles

  • Dairy Queen

    0.25 miles

  • Brown's Chicken

    0.25 miles

  • Subway

    0.28 miles

  • Spunky Dunkers

    0.34 miles

  • Baker's Square

    0.39 miles

  • Siri Thai

    0.63 miles

  • Emmett's

    0.64 miles

  • Subway

    1.62 miles

  • Sarpino's Pizzeria

    1.68 miles

  • Kosta's Gyros

    1.68 miles

  • Gray M Sandborn Elementary School

    0.25 miles

  • Saint Theresa School

    0.34 miles

  • Immanuel Lutheran School

    0.51 miles

  • Quest Academy

    0.54 miles

  • Winston Campus

    0.69 miles

  • Stuart R. Paddock Elementary School

    0.93 miles

  • Saint Thomas of Villanova School

    0.94 miles

  • Jane Addams Elementary School

    1.09 miles

  • Kirk Developmental Training Center

    1.10 miles

  • Lincoln Elementary School

    1.12 miles

  • Homey-Home Day Care

    2.47 miles

  • Hoffman Estates KinderCare

    4.08 miles

  • Bright Horizons

    4.16 miles

  • Learning Experience Childcare

    5.30 miles

  • KinderCare

    5.35 miles

  • KinderCare

    5.53 miles

  • Kindercare

    6.17 miles

  • Advance Preschool

    6.50 miles

  • Tutor Time

    6.55 miles

  • KinderCare

    7.44 miles

Frequently Asked Questions

What is the lease rate for New 15-Yr. Abs. NNN Strickland Brothers Lease | 251,998 Residents in Trade Area?

Rental asking rate at New 15-Yr. Abs. NNN Strickland Brothers Lease | 251,998 Residents in Trade Area is $1,161,500.00/YR.

What is the total square footage of New 15-Yr. Abs. NNN Strickland Brothers Lease | 251,998 Residents in Trade Area?

New 15-Yr. Abs. NNN Strickland Brothers Lease | 251,998 Residents in Trade Area totals 1,750 square feet.

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Contact Listing Broker

broker

Thomas Ladt