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Strickland Brothers 10 Minute Oil Change 2015 S Western Ave

1,750 SF Retail Building Marion, IN 46953 £1,510,306 (£863/SF) 6.70% Net Initial Yield

Investment Highlights

  • CORPORATE CREDIT
  • 14+ YEARS REMAINING
  • ZERO LANDLORD RESPONSIBILITIES

Executive Summary

All Strickland Brothers locations offer drive thru oil change services so customers can stay in their car and see the job done right. Oil change services include: 10 minute oil change and oil filter replacement, as well as lubrication of chassis components. Plus, a free maintenance check on the following: cabin air filters, wiper blades, antifreeze/coolant, power steering fluid, windshield washer fluid, tire condition, and engine air filter (emission and inspection services if qualified). The mission of Strickland Brothers 10 Minute Oil Change is to exceed the expectations of every customer by setting and meeting service standards that are innovative and centered around the highest level of service, every time. Their aim is to provide dependable services and quality products for a fair price in a friendly, honest and accommodating environment. Franchisees are thoroughly vetted by Strickland Brothers for business experience and personal financial strength to satisfy personal guarantees and brand preservation.
Strickland Brothers is backed by a recent capital infusion from Princeton Equity Group who has a proven track record for growing emerging brands into household names. Princeton Equity Group is among the most experienced franchisor and multi-unit investors in the U.S. and exclusively invests in leading franchisor and multi-unit companies. Princeton Equity Group’s principals have invested in the likes of Massage Envy, Card My Yard, European Wax Center, Sola Salon Studios and Urban Air Adventure Park. The Strickland Brothers corporate management team is made up of industry veterans experienced in operations, who together with Princeton Equity’s backing, have established aggressive growth goals for the emerging brand. In today’s market, Strickland Brothers real estate investments are being offered at favorable pricing and a higher yield compared to competitor brands. With a promising near-term growth profile for Strickland Brothers, a potential investor has the potential to realize a strong going-in yield coupled with potential upside, as the emerging brand continues to rapidly grow its footprint across the U.S.

Attachments

SB-OM-Marion

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,750 SF
Year Built
2024
Price
£1,510,306
Price Per SF
£863
Net Initial Yield
6.70%
NOI
£101,191
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Land Acres
0.54 AC
Parking
5 Spaces (2.86 Spaces per 1,000 SF Leased)

Amenities

  • Signage

Nearby Major Retailers

ALDI
Wings Etc.
Rent-A-Center
Fazoli's
Bob Evans Restaurants
Steak ‘n Shake
Starbucks
IHOP
El Rinconsito
Regions Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
27-07-07-302-021.000-002
Land Assessment
£28,404
Improvements Assessment
£16,096
Total Assessment
£44,500
  • Listing ID: 33702890

  • Date on Market: 31/10/2024

  • Last Updated:

  • Address: 2015 S Western Ave, Marion, IN 46953

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