Map of Property

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

For Sale

218 N Northwest Hwy, Palatine, IL 60067

This Palatine property for sale is located at 218 N Northwest Hwy. The current listed sale price for New 15-Yr. Abs. NNN Strickland Brothers Lease | 251,998 Residents in Trade Area is $2,323,000. New 15-Yr. Abs. NNN Strickland Brothers Lease | 251,998 Residents in Trade Area is situated on a lot that is 0.4 square feet in size.

Contacts

broker

Thomas Ladt

Property Details

  • Property Type Other
  • Property Size 1,750 SF
  • Lot Size 0.4 SF
  • Parking Spaces Avail. 9
  • Year Built 2024
  • Date Updated Apr 26, 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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Reach out to the broker for more info on lease terms and amenities

Attachments

Getting around

  • 82/100

    Walk Score ®

  • 62/100

    Bike Score ®

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Location

  • 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

  • Mariano's Fresh Market

    0.38 miles

  • Jewel-Osco

    0.58 miles

  • Eurofresh Market

    0.89 miles

  • Target

    1.60 miles

  • Jewel-Osco

    1.62 miles

  • ALDI

    1.65 miles

  • Walmart

    1.81 miles

  • Dominick's 1144

    2.22 miles

  • Butera Market

    2.25 miles

  • Jewel-Osco

    2.62 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Thomas Ladt