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110 Field View Lane, Madison, AL , 35756
  • Size SF 1,663
  • Built/Renov2022
  • Price/SF$1,317
  • Lease Start04-26-2023
  • Rent/SF$87.56
  • Lease Type Abs NNN
  • Lot/AC0.87
  • Pop 5MI80,398

2,190,000

  • Cap Rate 6.65%
  • NOI $145,619
  • R. Term/Yrs 13.0
  • Guarantor Corporate
  • # Units 85
  • New construction

  • Shopping Ctr out-parcel

  • Highway location

  • Business growth area

  • Affluent AHHI $100K 5 Mi

  • Major MSA

  • Brand new lease

  • Absolute NNN

  • Accelerated depreciation

  • Corporate Guarantee

  • ...
  • New 2022 construction
  • Tenant signed a new 15-year lease with 4 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
  • Absolute NNN with zero landlord responsibilities
  • Corporate guarantee by Strickland Enterprises, LLC
  • Tenant Strickland Brothers
  • Guarantor Corporate
  • #Units 85
  • Stock Private

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 comprehensive professional automotive maintenance and repair services, as well as state inspection services, fleet services and free courtesy checks. Established in 2016 in Thomas, North Carolina, by 2018 the company had more than five units opened throughout the Carolinas. In 2020 through franchising, they started national expansion, awarding 50 units in 10 states within the first 6 months. Today, Strickland Brothers has over 170 locations and more than 200 locations in various phases of development. In May 2021 the company gained an investment from private equity firm Princeton Equity Group to help fuel growth. Strickland Brothers is headquartered in Winston Salem, North Carolina.

Princeton Equity Group is a private equity firm that invests in growth-stage companies with a focus in franchised and multi-unit business models. The firm, founded in 2006 partners with companies across the consumer, healthcare, and business service industries. Princeton Equity Group’s investments include European Wax Center, Massage Envy, Sola Salons, Urban Air, and many more. The firm is headquartered in Princeton, New Jersey.

...
2047 Laurens Road, Greenville, SC , 29607
  • Size SF 1,230
  • Built/Renov2023
  • Price/SF
    $1,638
    $1,675
  • Lease Start05-01-2023
  • Rent/SF$113.03
  • Lease Type Abs NNN
  • Lot/AC0.71
  • Pop 5MI175,899
2,015,000
2,060,000
  • Cap Rate
    6.90%
     
    6.75%
  • NOI $139,030
  • R. Term/Yrs 12.9
  • Guarantor Corporate
  • # Units 173
  • New construction

  • Hard corner intersection

  • Near major nationals

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Affluent suburb location

  • Brand new lease

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

  • ...
  • Brand new construction
  • Strickland Enterprises, LLC recently signed a new 15-year lease with 3 (5-year) options to extend
  • The lease features 1% rental increases annually
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Tenant Strickland Enterprises, LLC
  • Guarantor Corporate
  • #Units 173
  • Stock Private

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 comprehensive professional automotive maintenance and repair services, as well as state inspection services, fleet services and free courtesy checks. Established in 2016 in Thomas, North Carolina, by 2018 the company had more than five units opened throughout the Carolinas. In 2020 through franchising, they started national expansion, awarding 50 units in 10 states within the first 6 months. Today, Strickland Brothers has over 170 locations and more than 200 locations in various phases of development. In May 2021 the company gained an investment from private equity firm Princeton Equity Group to help fuel growth. Strickland Brothers is headquartered in Winston Salem, North Carolina.

Princeton Equity Group is a private equity firm that invests in growth-stage companies with a focus in franchised and multi-unit business models. The firm, founded in 2006 partners with companies across the consumer, healthcare, and business service industries. Princeton Equity Group’s investments include European Wax Center, Massage Envy, Sola Salons, Urban Air, and many more. The firm is headquartered in Princeton, New Jersey.

...
5415 MacCorkle Avenue Southeast, Charleston, WV , 25304
  • Size SF 1,300
  • Built/Renov2024
  • Price/SF$1,547
  • Lease Start04-01-2024
  • Rent/SF$108.31
  • Lease Type Abs NNN
  • Lot/AC0.35
  • Pop 5MI36,452

2,011,000

  • Cap Rate 7.00%
  • NOI $140,800
  • R. Term/Yrs 13.8
  • Guarantor Corporate
  • # Units 173
  • New construction

  • Near major nationals

  • Strategically located

  • Freeway close

  • Top 100 MSA

  • Affluent suburb location

  • Brand new lease

  • Long 15+ yr lease

  • Accelerated depreciation

  • Corporate Guarantee

  • ...
  • Brand-new 2024 construction
  • Strickland Brothers will be executing a brand-new 15-year lease 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
  • Tenant Strickland Brothers
  • Guarantor Corporate
  • #Units 173
  • Stock Private

Smokey Bones, 795 East Golf Road, IL | The NNN MarketplaceStrickland 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 comprehensive professional automotive maintenance and repair services, as well as state inspection services, fleet services, and free courtesy checks. Established in 2016 in Thomas, North Carolina, by 2018 the company had more than five units opened throughout the Carolinas. In 2020 through franchising, they started national expansion, awarding 50 units in 10 states within the first 6 months. Today, Strickland Brothers has over 170 locations and more than 200 locations in various phases of development. In May 2021 the company gained an investment from private equity firm Princeton Equity Group to help fuel growth. Strickland Brothers is headquartered in Winston-Salem, North Carolina.

Princeton Equity Group is a private equity firm that invests in growth-stage companies with a focus on franchised and multi-unit business models. The firm, founded in 2006 partners with companies across the consumer, healthcare, and business service industries. Princeton Equity Group’s investments include European Wax Center, Massage Envy, Sola Salons, Urban Air, and many more. The firm is headquartered in Princeton, New Jersey.

...
2937 North Rock Road, Derby, KS , 67037
  • Size SF 1,770
  • Built/Renov2023
  • Price/SF $1,210
  • Lease Start05-01-2023
  • Rent/SF$81.64
  • Lease Type Abs NNN
  • Lot/AC0.70
  • Pop 5MI58,032

2,141,000

  • Cap Rate 6.75%
  • NOI $144,511
  • R. Term/Yrs 12.9
  • Guarantor Franchisee
  • # Units 14
  • New construction

  • Signalized intersection

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Absolute NNN

  • Long 10+ yr lease

  • Accelerated depreciation

  • Personal guarantee

  • ...
  • Brand new 2023 construction
  • Strickland Brothers has 14 years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Strong personal $44M guarantee | 14 locations
  • Tenant Strickland Brothers
  • Guarantor Franchisee
  • #Units 14
  • Stock Private

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 comprehensive professional automotive maintenance and repair services, as well as state inspection services, fleet services, and free courtesy checks. Established in 2016 in Thomas, North Carolina, by 2018 the company had more than five units opened throughout the Carolinas. In 2020 through franchising, they started national expansion, awarding 50 units in 10 states within the first 6 months. Today, Strickland Brothers has over 170 locations and more than 200 locations in various phases of development. In May 2021 the company gained an investment from private equity firm Princeton Equity Group to help fuel growth. Strickland Brothers is headquartered in Winston-Salem, North Carolina.

Princeton Equity Group is a private equity firm that invests in growth-stage companies with a focus on franchised and multi-unit business models. The firm, founded in 2006 partners with companies across the consumer, healthcare, and business service industries. Princeton Equity Group’s investments include European Wax Center, Massage Envy, Sola Salons, Urban Air, and many more. The firm is headquartered in Princeton, New Jersey.

...
6874 Hickory Rd, Woodstock, GA , 30188
  • Size SF 1,725
  • Built/Renov2022
  • Price/SF$1,217
  • Lease Start06-11-2023
  • Rent/SF$82.14
  • Lease Type Abs NNN
  • Lot/AC0.50
  • Pop 5MI65,330

2,100,000

  • Cap Rate 6.75%
  • NOI $141,685
  • R. Term/Yrs 13.2
  • Guarantor Corporate
  • # Units 173
  • New construction

  • Build to suit

  • Highway close

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Population increase trend

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Accelerated depreciation

  • ...
  • Brand-new BTS construction | Grand opening estimated Feb 2023
  • Tenant signed a new 15-year lease with 4 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Tenant Strickland Brothers
  • Guarantor Corporate
  • #Units 173
  • Stock Private

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 comprehensive professional automotive maintenance and repair services, as well as state inspection services, fleet services and free courtesy checks. Established in 2016 in Thomas, North Carolina, by 2018 the company had more than five units opened throughout the Carolinas. In 2020 through franchising, they started national expansion, awarding 50 units in 10 states within the first 6 months. Today, Strickland Brothers has over 170 locations and more than 200 locations in various phases of development. In May 2021 the company gained an investment from private equity firm Princeton Equity Group to help fuel growth. Strickland Brothers is headquartered in Winston Salem, North Carolina.

Princeton Equity Group is a private equity firm that invests in growth-stage companies with a focus in franchised and multi-unit business models. The firm, founded in 2006 partners with companies across the consumer, healthcare, and business service industries. Princeton Equity Group’s investments include European Wax Center, Massage Envy, Sola Salons, Urban Air, and many more. The firm is headquartered in Princeton, New Jersey.

...
2312 Zierdt Rd, Huntsville, AL , 35824
  • Size SF 1,725
  • Built/Renov2022
  • Price/SF
    $1,357
    $1,391
  • Lease Start04-06-2023
  • Rent/SF$83.52
  • Lease Type Abs NNN
  • Lot/AC0.74
  • Pop 5MI34,212
2,340,000
2,400,000
  • Cap Rate
    6.16%
     
    6.00%
  • NOI $144,071
  • R. Term/Yrs 13.0
  • Guarantor Corporate
  • # Units 85
  • New construction

  • Signalized intersection

  • Hard corner intersection

  • Shopping Ctr out-parcel

  • Highway location

  • Affluent AHHI $100K 5 Mi

  • New development zone

  • Brand new lease

  • Absolute NNN

  • Corporate Guarantee

  • ...
  • Brand-new BTS construction | Grand opening estimated Feb 2023
  • Tenant signed a new 15-year lease with 4 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Strickland Enterprises, LLC (85+ units backed)
  • Tenant Strickland Brothers
  • Guarantor Corporate
  • #Units 85
  • Stock Private

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 comprehensive professional automotive maintenance and repair services, as well as state inspection services, fleet services and free courtesy checks. Established in 2016 in Thomas, North Carolina, by 2018 the company had more than five units opened throughout the Carolinas. In 2020 through franchising, they started national expansion, awarding 50 units in 10 states within the first 6 months. Today, Strickland Brothers has over 170 locations and more than 200 locations in various phases of development. In May 2021 the company gained an investment from private equity firm Princeton Equity Group to help fuel growth. Strickland Brothers is headquartered in Winston Salem, North Carolina.

Princeton Equity Group is a private equity firm that invests in growth-stage companies with a focus in franchised and multi-unit business models. The firm, founded in 2006 partners with companies across the consumer, healthcare, and business service industries. Princeton Equity Group’s investments include European Wax Center, Massage Envy, Sola Salons, Urban Air, and many more. The firm is headquartered in Princeton, New Jersey.

...
310 North State Route 291, Liberty, MO , 64068
  • Size SF 1,725
  • Built/Renov2022
  • Price/SF $1,429
  • Lease Start03-19-2023
  • Rent/SF$85.76
  • Lease Type Abs NNN
  • Lot/AC0.74
  • Pop 5MI77,059

2,465,000

  • Cap Rate 6.00%
  • NOI $147,932
  • R. Term/Yrs 12.11
  • Guarantor Franchisee
  • # Units 173
  • New construction

  • Hard corner intersection

  • Major thoroughfare

  • Shopping Ctr out-parcel

  • Freeway close

  • Highway location

  • Affluent AHHI $100K 5 Mi

  • Population increase trend

  • Absolute NNN

  • Personal guarantee

  • ...
  • Brand-new 2022 construction
  • Tenant executed a brand-new 15-year lease in March 2023 with 4 (5-year) options to renew
  • Lease features rent increases of 10% every 5 years in the initial term and throughout the option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Strong personal guarantee for the entire primary term and option periods
  • Tenant Strickland Brothers
  • Guarantor Franchisee
  • #Units 173
  • Stock Private

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 comprehensive professional automotive maintenance and repair services, as well as state inspection services, fleet services and free courtesy checks. Established in 2016 in Thomas, North Carolina, by 2018 the company had more than five units opened throughout the Carolinas. In 2020 through franchising, they started national expansion, awarding 50 units in 10 states within the first 6 months. Today, Strickland Brothers has over 170 locations and more than 200 locations in various phases of development. In May 2021 the company gained an investment from private equity firm Princeton Equity Group to help fuel growth. Strickland Brothers is headquartered in Winston Salem, North Carolina.

Princeton Equity Group is a private equity firm that invests in growth-stage companies with a focus in franchised and multi-unit business models. The firm, founded in 2006 partners with companies across the consumer, healthcare, and business service industries. Princeton Equity Group’s investments include European Wax Center, Massage Envy, Sola Salons, Urban Air, and many more. The firm is headquartered in Princeton, New Jersey.

...
15511 Farm to Market Rd 529, Houston, TX , 77095
  • Size SF 1,725
  • Built/Renov2022
  • Price/SF $1,271
  • Lease Start02-05-2023
  • Rent/SF$82.61
  • Lease Type Abs NNN
  • Lot/AC0.84
  • Pop 5MI336,836

2,193,000

  • Cap Rate 6.50%
  • NOI $142,500
  • R. Term/Yrs 12.10
  • Guarantor Franchisee
  • # Units 173
  • New construction

  • Near major nationals

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Income tax free state

  • Brand new lease

  • Absolute NNN

  • Accelerated depreciation

  • Personal guarantee

  • ...
  • Brand-new BTS construction; Strickland Brothers opened in November 2022
  • Tenant signed a new 15-year lease with 4 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Strong personal guaranty from three different individuals
  • Tenant Strickland Brothers
  • Guarantor Franchisee
  • #Units 173
  • Stock Private

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 comprehensive professional automotive maintenance and repair services, as well as state inspection services, fleet services and free courtesy checks. Established in 2016 in Thomas, North Carolina, by 2018 the company had more than five units opened throughout the Carolinas. In 2020 through franchising, they started national expansion, awarding 50 units in 10 states within the first 6 months. Today, Strickland Brothers has over 170 locations and more than 200 locations in various phases of development. In May 2021 the company gained an investment from private equity firm Princeton Equity Group to help fuel growth. Strickland Brothers is headquartered in Winston Salem, North Carolina.

Princeton Equity Group is a private equity firm that invests in growth-stage companies with a focus in franchised and multi-unit business models. The firm, founded in 2006 partners with companies across the consumer, healthcare, and business service industries. Princeton Equity Group’s investments include European Wax Center, Massage Envy, Sola Salons, Urban Air, and many more. The firm is headquartered in Princeton, New Jersey.

...
238 Peachtree Street, Murphy, NC , 28906
  • Size SF 2,065
  • Built/Renov1995/2023
  • Price/SF$1,079
  • Lease Start05-01-2024
  • Rent/SF$75.54
  • Lease Type Abs NNN
  • Lot/AC0.66
  • Pop 5MI10,917

2,229,000

  • Cap Rate 7.00%
  • NOI $156,000
  • R. Term/Yrs 13.9
  • Guarantor Corporate
  • # Units 173
  • Recent renovation

  • Build to suit

  • Major thoroughfare

  • Near major nationals

  • Strategically located

  • Highway close

  • Long 15+ yr lease

  • Strong sales history

  • Absolute NNN

  • Corporate Guarantee

  • ...
  • Location remodeled in 2023
  • Strickland Brothers to sign a new 15-year lease with 4 (5-year) options to extend upon close of escrow
  • The lease features 10% rental increases every 5 years
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Tenant Strickland Brothers
  • Guarantor Corporate
  • #Units 173
  • Stock Private

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 comprehensive professional automotive maintenance and repair services, as well as state inspection services, fleet services, and free courtesy checks. Established in 2016 in Thomas, North Carolina, by 2018 the company had more than five units opened throughout the Carolinas. In 2020 through franchising, they started national expansion, awarding 50 units in 10 states within the first 6 months. Today, Strickland Brothers has over 170 locations and more than 200 locations in various phases of development. In May 2021 the company gained an investment from private equity firm Princeton Equity Group to help fuel growth. Strickland Brothers is headquartered in Winston-Salem, North Carolina.

Princeton Equity Group is a private equity firm that invests in growth-stage companies with a focus on franchised and multi-unit business models. The firm, founded in 2006 partners with companies across the consumer, healthcare, and business service industries. Princeton Equity Group’s investments include European Wax Center, Massage Envy, Sola Salons, Urban Air, and many more. The firm is headquartered in Princeton, New Jersey.

...
2937 North Rock Road, Derby, KS , 67037
  • Size SF 1,770
  • Built/Renov2023
  • Price/SF$1,210
  • Lease Start05-01-2023
  • Rent/SF$81.64
  • Lease Type Abs NNN
  • Lot/AC0.70
  • Pop 5MI57,651

2,140,900

  • Cap Rate 6.75%
  • NOI $144,511
  • R. Term/Yrs 12.9
  • Guarantor Franchisee
  • # Units 14
  • New construction

  • Signalized intersection

  • Build to suit

  • Hospital close

  • Top 100 MSA

  • Affluent suburb location

  • Brand new lease

  • Absolute NNN

  • Long 10+ yr lease

  • Personal guarantee

  • ...
  • Brand-new 2023 construction
  • Strickland Brothers is operating under a new 15-year lease with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the base term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • The lease is backed by one of the largest Strickland Brothers franchisors, operating 14 units across the U.S.
  • Tenant Strickland Brothers
  • Guarantor Franchisee
  • #Units 14
  • Stock Private

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 comprehensive professional automotive maintenance and repair services, as well as state inspection services, fleet services, and free courtesy checks. Established in 2016 in Thomas, North Carolina, by 2018 the company had more than five units opened throughout the Carolinas. In 2020 through franchising, they started national expansion, awarding 50 units in 10 states within the first 6 months. Today, Strickland Brothers has over 170 locations and more than 200 locations in various phases of development. In May 2021 the company gained an investment from private equity firm Princeton Equity Group to help fuel growth. Strickland Brothers is headquartered in Winston-Salem, North Carolina.

Princeton Equity Group is a private equity firm that invests in growth-stage companies with a focus on franchised and multi-unit business models. The firm, founded in 2006 partners with companies across the consumer, healthcare, and business service industries. Princeton Equity Group’s investments include European Wax Center, Massage Envy, Sola Salons, Urban Air, and many more. The firm is headquartered in Princeton, New Jersey.

...
827 Elmhurst Road, Des Plaines, IL , 60016
  • Size SF 1,700
  • Built/Renov2024
  • Price/SF$1,245
  • Lease Start11-01-2024
  • Rent/SF$82.82
  • Lease Type Abs NNN
  • Lot/AC0.46
  • Pop 5MI259,592

2,117,000

  • Cap Rate 6.65%
  • NOI $140,800
  • R. Term/Yrs 14.3
  • Guarantor Corporate
  • # Units 227
  • New construction

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Long 15+ yr lease

  • Accelerated depreciation

  • Corporate Guarantee

  • ...
  • Brand new 2024 construction
  • New 15-year lease with 4 (5-year) options to extend

  • The lease features 10% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Tenant Strickland Brothers
  • Guarantor Corporate
  • #Units 227
  • Stock Private

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. It offers a list of comprehensive professional automotive maintenance and repair services, state inspection services, fleet services, and free courtesy checks. Established in 2016 in Thomas, North Carolina, by 2018 the company had more than five units opened throughout the Carolinas. In 2020 through franchising, they started national expansion, awarding 50 units in 10 states within the first 6 months. Today, Strickland Brothers has over 200 locations open. Franchisees are drawn to the concept due to the $8 billion quick lube recession-resistant industry, Strickland Brothers’ reputation for expert service, and the low build-out costs of Strickland Brothers units compared to its competitors (competitor build-out costs are 2.5x higher than Strickland’s). In May 2021 the company gained an investment from private equity firm Princeton Equity Group to help fuel growth. Strickland Brothers is headquartered in Winston-Salem, North Carolina.

Princeton Equity Group is a private equity firm that invests in growth-stage companies focusing on franchised and multi-unit business models. The firm, founded in 2006 partners with companies across the consumer, healthcare, and business service industries. Princeton Equity Group’s investments include European Wax Center, Massage Envy, Sola Salons, Urban Air, and many more. The firm is headquartered in Princeton, New Jersey.

...
2713 Wade Hampton Blvd, Greenville, SC , 29615
  • Size SF 1,621
  • Built/Renov2023
  • Price/SF $1,439
  • Lease Start12-01-2023
  • Rent/SF$96.38
  • Lease Type Abs NNN
  • Lot/AC0.53
  • Pop 5MI151,837

2,332,000

  • Cap Rate 6.70%
  • NOI $156,228
  • R. Term/Yrs 13.5
  • Guarantor Corporate
  • # Units 173
  • New construction

  • Major thoroughfare

  • Dense retail corridor

  • Near major nationals

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Affluent suburb location

  • Brand new lease

  • Absolute NNN

  • Corporate Guarantee

  • ...
  • Brand new 2023 construction
  • Strickland Brothers recently signed a brand new 15-year lease with 4 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Princeton Equity Group
  • Tenant Strickland Brothers
  • Guarantor Corporate
  • #Units 173
  • Stock Private

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 comprehensive professional automotive maintenance and repair services, as well as state inspection services, fleet services and free courtesy checks. Established in 2016 in Thomas, North Carolina, by 2018 the company had more than five units opened throughout the Carolinas. In 2020 through franchising, they started national expansion, awarding 50 units in 10 states within the first 6 months. Today, Strickland Brothers has over 170 locations and more than 200 locations in various phases of development. In May 2021 the company gained an investment from private equity firm Princeton Equity Group to help fuel growth. Strickland Brothers is headquartered in Winston Salem, North Carolina.

Princeton Equity Group is a private equity firm that invests in growth-stage companies with a focus in franchised and multi-unit business models. The firm, founded in 2006 partners with companies across the consumer, healthcare, and business service industries. Princeton Equity Group’s investments include European Wax Center, Massage Envy, Sola Salons, Urban Air, and many more. The firm is headquartered in Princeton, New Jersey.

...
4819 West 93rd Street, Oak Lawn, IL , 60453
  • Size SF 1,841
  • Built/Renov1986/2023
  • Price/SF$589
  • Lease Start06-22-2023
  • Rent/SF$36.79
  • Lease Type Abs NNN
  • Lot/AC0.30
  • Pop 5MI504,931

1,084,000

  • Cap Rate 6.25%
  • NOI $67,724
  • R. Term/Yrs 13.2
  • Guarantor Corporate
  • # Units 173
  • 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

  • ...
  • 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
  • Tenant Strickland Brothers
  • Guarantor Corporate
  • #Units 173
  • Stock Private

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 comprehensive professional automotive maintenance and repair services, as well as state inspection services, fleet services, and free courtesy checks. Established in 2016 in Thomas, North Carolina, by 2018 the company had more than five units opened throughout the Carolinas. In 2020 through franchising, they started national expansion, awarding 50 units in 10 states within the first 6 months. Today, Strickland Brothers has over 170 locations and more than 200 locations in various phases of development. In May 2021 the company gained an investment from private equity firm Princeton Equity Group to help fuel growth. Strickland Brothers is headquartered in Winston-Salem, North Carolina.

Princeton Equity Group is a private equity firm that invests in growth-stage companies with a focus on franchised and multi-unit business models. The firm, founded in 2006 partners with companies across the consumer, healthcare, and business service industries. Princeton Equity Group’s investments include European Wax Center, Massage Envy, Sola Salons, Urban Air, and many more. The firm is headquartered in Princeton, New Jersey.

...
1300 Southeast 1st Street, Mineral Wells, TX , 76067
  • Size SF 4,800
  • Built/Renov1961/2023
  • Price/SF$273
  • Lease Start07-17-2023
  • Rent/SF$17.71
  • Lease Type Abs NNN
  • Lot/AC0.50
  • Pop 5MI18,994

1,308,000

  • Cap Rate 6.50%
  • NOI $85,000
  • R. Term/Yrs 13.0
  • Guarantor Corporate
  • # Units 173
  • Recent renovation

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Strong tenant synergy

  • Income tax free state

  • Absolute NNN

  • Long 10+ yr lease

  • Accelerated depreciation

  • Corporate Guarantee

  • ...
  • Strickland Brothers has 14+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Tenant Strickland Brothers
  • Guarantor Corporate
  • #Units 173
  • Stock Private

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 comprehensive professional automotive maintenance and repair services, as well as state inspection services, fleet services, and free courtesy checks. Established in 2016 in Thomas, North Carolina, by 2018 the company had more than five units opened throughout the Carolinas. In 2020 through franchising, they started national expansion, awarding 50 units in 10 states within the first 6 months. Today, Strickland Brothers has over 170 locations and more than 200 locations in various phases of development. In May 2021 the company gained an investment from private equity firm Princeton Equity Group to help fuel growth. Strickland Brothers is headquartered in Winston-Salem, North Carolina.

Princeton Equity Group is a private equity firm that invests in growth-stage companies with a focus on franchised and multi-unit business models. The firm, founded in 2006 partners with companies across the consumer, healthcare, and business service industries. Princeton Equity Group’s investments include European Wax Center, Massage Envy, Sola Salons, Urban Air, and many more. The firm is headquartered in Princeton, New Jersey.

...
3480 South Military Highway, Chesapeake, VA , 23323
  • Size SF 1,674
  • Built/Renov2023
  • Price/SF
    $1,460
    $1,481
  • Lease Start10-26-2023
  • Rent/SF$92.59
  • Lease Type Abs NNN
  • Lot/AC2.46
  • Pop 5MI145,269
2,444,000
2,480,000
  • Cap Rate
    6.34%
     
    6.25%
  • NOI $155,000
  • R. Term/Yrs 13.6
  • Guarantor Corporate
  • # Units 227
  • New construction

  • Build to suit

  • Near major nationals

  • Shopping Ctr out-parcel

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Absolute NNN

  • Long 10+ yr lease

  • Accelerated depreciation

  • Corporate Guarantee

  • ...
  • New 2023 construction
  • Strickland Brothers has 14+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Tenant Strickland Brothers
  • Guarantor Corporate
  • #Units 227
  • Stock Private

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. It offers a list of comprehensive professional automotive maintenance and repair services, state inspection services, fleet services, and free courtesy checks. Established in 2016 in Thomas, North Carolina, by 2018 the company had more than five units opened throughout the Carolinas. In 2020 through franchising, they started national expansion, awarding 50 units in 10 states within the first 6 months. Today, Strickland Brothers has over 200 locations open. Franchisees are drawn to the concept due to the $8 billion quick lube recession-resistant industry, Strickland Brothers’ reputation for expert service, and the low build-out costs of Strickland Brothers units compared to its competitors (competitor build-out costs are 2.5x higher than Strickland’s). In May 2021 the company gained an investment from private equity firm Princeton Equity Group to help fuel growth. Strickland Brothers is headquartered in Winston-Salem, North Carolina.

Princeton Equity Group is a private equity firm that invests in growth-stage companies focusing on franchised and multi-unit business models. The firm, founded in 2006 partners with companies across the consumer, healthcare, and business service industries. Princeton Equity Group’s investments include European Wax Center, Massage Envy, Sola Salons, Urban Air, and many more. The firm is headquartered in Princeton, New Jersey.

...
810 Seven Oaks Boulevard, Smyrna, TN , 37167
  • Size SF 1,860
  • Built/Renov2023
  • Price/SF$1,014
  • Lease Start08-02-2023
  • Rent/SF$68.46
  • Lease Type Abs NNN
  • Lot/AC0.67
  • Pop 5MI95,323

1,886,548

  • Cap Rate 6.75%
  • NOI $127,342
  • R. Term/Yrs 13.3
  • Guarantor Corporate
  • # Units 227
  • New construction

  • Build to suit

  • Near major nationals

  • Freeway close

  • Top 100 MSA

  • Income tax free state

  • Absolute NNN

  • Long 10+ yr lease

  • Accelerated depreciation

  • Corporate Guarantee

  • ...
  • New 2023 construction
  • 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 option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Tenant Strickland Brothers
  • Guarantor Corporate
  • #Units 227
  • Stock Private

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. It offers a list of comprehensive professional automotive maintenance and repair services, state inspection services, fleet services, and free courtesy checks. Established in 2016 in Thomas, North Carolina, by 2018 the company had more than five units opened throughout the Carolinas. In 2020 through franchising, they started national expansion, awarding 50 units in 10 states within the first 6 months. Today, Strickland Brothers has over 200 locations open. Franchisees are drawn to the concept due to the $8 billion quick lube recession-resistant industry, Strickland Brothers’ reputation for expert service, and the low build-out costs of Strickland Brothers units compared to its competitors (competitor build-out costs are 2.5x higher than Strickland’s).

In May 2021 the company gained an investment from private equity firm Princeton Equity Group to help fuel growth. Strickland Brothers is headquartered in Winston-Salem, North Carolina.

Princeton Equity Group is a private equity firm that invests in growth-stage companies focusing on franchised and multi-unit business models. The firm, founded in 2006 partners with companies across the consumer, healthcare, and business service industries. Princeton Equity Group’s investments include European Wax Center, Massage Envy, Sola Salons, Urban Air, and many more. The firm is headquartered in Princeton, New Jersey.

...
330 Central Avenue West, Jamestown, TN , 38556
  • Size SF 2,200
  • Built/Renov2008/2023
  • Price/SF
    $509
    $493
  • Lease Start07-01-2022
  • Rent/SF$30.83
  • Lease Type Abs NNN
  • Lot/AC1.03
  • Pop 5MI7,852
1,120,000
1,085,000
  • Cap Rate
    6.05%
     
    6.25%
  • NOI $67,815
  • R. Term/Yrs 11.11
  • Guarantor Corporate
  • # Units 173
  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Income tax free state

  • Absolute NNN

  • Long 10+ yr lease

  • Accelerated depreciation

  • Corporate Guarantee

  • Over 100 Units backed

  • ...
  • Strickland Brothers is currently undergoing renovations scheduled to be completed end of 2023
  • Tenant has 13+ years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Princeton Equity Group
  • Tenant Strickland Brothers
  • Guarantor Corporate
  • #Units 173
  • Stock Private

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 comprehensive professional automotive maintenance and repair services, as well as state inspection services, fleet services and free courtesy checks. Established in 2016 in Thomas, North Carolina, by 2018 the company had more than five units opened throughout the Carolinas. In 2020 through franchising, they started national expansion, awarding 50 units in 10 states within the first 6 months. Today, Strickland Brothers has over 170 locations and more than 200 locations in various phases of development. In May 2021 the company gained an investment from private equity firm Princeton Equity Group to help fuel growth. Strickland Brothers is headquartered in Winston Salem, North Carolina.

Princeton Equity Group is a private equity firm that invests in growth-stage companies with a focus in franchised and multi-unit business models. The firm, founded in 2006 partners with companies across the consumer, healthcare, and business service industries. Princeton Equity Group’s investments include European Wax Center, Massage Envy, Sola Salons, Urban Air, and many more. The firm is headquartered in Princeton, New Jersey.

...
7770 Dixie Highway, Louisville, KY , 40258
  • Size SF 1,609
  • Built/Renov2023
  • Price/SF$1,259
  • Lease Start03-20-2023
  • Rent/SF$81.85
  • Lease Type Abs NNN
  • Lot/AC0.61
  • Pop 5MI153,554

2,026,000

  • Cap Rate 6.50%
  • NOI $131,700
  • R. Term/Yrs 12.11
  • Guarantor Corporate
  • # Units 173
  • New construction

  • Near major nationals

  • Highway location

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Brand new lease

  • Absolute NNN

  • Long 10+ yr lease

  • Accelerated depreciation

  • Corporate Guarantee

  • ...
  • Brand-new 2023 state-of-the-art construction
  • Tenant recently signed a new 15-year lease with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout initial term and options
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Tenant Strickland Brothers
  • Guarantor Corporate
  • #Units 173
  • Stock Private

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 comprehensive professional automotive maintenance and repair services, as well as state inspection services, fleet services and free courtesy checks. Established in 2016 in Thomas, North Carolina, by 2018 the company had more than five units opened throughout the Carolinas. In 2020 through franchising, they started national expansion, awarding 50 units in 10 states within the first 6 months. Today, Strickland Brothers has over 170 locations and more than 200 locations in various phases of development. In May 2021 the company gained an investment from private equity firm Princeton Equity Group to help fuel growth. Strickland Brothers is headquartered in Winston Salem, North Carolina.

Princeton Equity Group is a private equity firm that invests in growth-stage companies with a focus in franchised and multi-unit business models. The firm, founded in 2006 partners with companies across the consumer, healthcare, and business service industries. Princeton Equity Group’s investments include European Wax Center, Massage Envy, Sola Salons, Urban Air, and many more. The firm is headquartered in Princeton, New Jersey.

...
1680 East Princeton Drive, Princeton, TX , 75407
  • Size SF 1,719
  • Built/Renov2023
  • Price/SF
    $542
    $1,443
  • Lease Start08-20-2023
  • Rent/SF$90.17
  • Lease Type Abs NNN
  • Lot/AC0.86
  • Pop 5MI30,779
931,250
2,480,000
  • Cap Rate
    16.64%
     
    6.25%
  • NOI $154,999
  • R. Term/Yrs 13.4
  • Guarantor Corporate
  • # Units 173
  • New construction

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Income tax free state

  • Brand new lease

  • Absolute NNN

  • Long 10+ yr lease

  • Accelerated depreciation

  • Corporate Guarantee

  • ...
  • Brand-new 2023 construction
  • Strickland Brothers recently executed a brand-new 15-year lease with 4 (5-year) options
  • Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Tenant Strickland Brothers
  • Guarantor Corporate
  • #Units 173
  • Stock Private

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 comprehensive professional automotive maintenance and repair services, as well as state inspection services, fleet services, and free courtesy checks. Established in 2016 in Thomas, North Carolina, by 2018 the company had more than five units opened throughout the Carolinas. In 2020 through franchising, they started national expansion, awarding 50 units in 10 states within the first 6 months. Today, Strickland Brothers has over 170 locations and more than 200 locations in various phases of development. In May 2021 the company gained an investment from private equity firm Princeton Equity Group to help fuel growth. Strickland Brothers is headquartered in Winston-Salem, North Carolina.

Princeton Equity Group is a private equity firm that invests in growth-stage companies with a focus on franchised and multi-unit business models. The firm, founded in 2006 partners with companies across the consumer, healthcare, and business service industries. Princeton Equity Group’s investments include European Wax Center, Massage Envy, Sola Salons, Urban Air, and many more. The firm is headquartered in Princeton, New Jersey.

...
100 West North Avenue, Melrose Park, IL , 60164
  • Size SF 1,700
  • Built/Renov2023
  • Price/SF$1,611
  • Lease Start12-01-2023
  • Rent/SF$108.71
  • Lease Type Abs NNN
  • Lot/AC1.15
  • Pop 5MI637,298

2,738,000

  • Cap Rate 6.75%
  • NOI $184,800
  • R. Term/Yrs 13.4
  • Guarantor Corporate
  • # Units 173
  • New construction

  • Signalized intersection

  • High traffic 50M+ VPD

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Brand new lease

  • Absolute NNN

  • Long 10+ yr lease

  • Corporate Guarantee

  • ...
  • Brand-new 2023 state-of-the-art construction
  • Strickland Brothers recently executed a new 15-year lease with 4 (5-year) options to extend
  • The lease features 10% rent increases every 5 years throughout the initial term and options
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee
  • Tenant Strickland Brothers
  • Guarantor Corporate
  • #Units 173
  • Stock Private

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 comprehensive professional automotive maintenance and repair services, as well as state inspection services, fleet services, and free courtesy checks. Established in 2016 in Thomas, North Carolina, by 2018 the company had more than five units opened throughout the Carolinas. In 2020 through franchising, they started national expansion, awarding 50 units in 10 states within the first 6 months. Today, Strickland Brothers has over 170 locations and more than 200 locations in various phases of development. In May 2021 the company gained an investment from private equity firm Princeton Equity Group to help fuel growth. Strickland Brothers is headquartered in Winston-Salem, North Carolina.

Princeton Equity Group is a private equity firm that invests in growth-stage companies with a focus on franchised and multi-unit business models. The firm, founded in 2006 partners with companies across the consumer, healthcare, and business service industries. Princeton Equity Group’s investments include European Wax Center, Massage Envy, Sola Salons, Urban Air, and many more. The firm is headquartered in Princeton, New Jersey.

...
3406 College Avenue, Snyder, TX , 79549
  • Size SF 2,141
  • Built/Renov1985/2022
  • Price/SF$906
  • Lease Start06-28-2023
  • Rent/SF$60.72
  • Lease Type Abs NNN
  • Lot/AC0.67
  • Pop 5MI4,580

1,940,000

  • Cap Rate 6.70%
  • NOI $130,000
  • R. Term/Yrs 12.11
  • Guarantor Corporate
  • # Units 227
  • Recent renovation

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Income tax free state

  • Absolute NNN

  • Accelerated depreciation

  • Limited competition

  • Corporate Guarantee

  • ...
  • Strickland Brothers has 13+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Strong performing location | Speak with Agent for details
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Tenant Strickland Brothers
  • Guarantor Corporate
  • #Units 227
  • Stock Private

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. It offers a list of comprehensive professional automotive maintenance and repair services, state inspection services, fleet services, and free courtesy checks. Established in 2016 in Thomas, North Carolina, by 2018 the company had more than five units opened throughout the Carolinas. In 2020 through franchising, they started national expansion, awarding 50 units in 10 states within the first 6 months. Today, Strickland Brothers has over 200 locations open. Franchisees are drawn to the concept due to the $8 billion quick lube recession-resistant industry, Strickland Brothers’ reputation for expert service, and the low build-out costs of Strickland Brothers units compared to its competitors (competitor build-out costs are 2.5x higher than Strickland’s). In May 2021 the company gained an investment from private equity firm Princeton Equity Group to help fuel growth. Strickland Brothers is headquartered in Winston-Salem, North Carolina.

 

Princeton Equity Group is a private equity firm that invests in growth-stage companies focusing on franchised and multi-unit business models. The firm, founded in 2006 partners with companies across the consumer, healthcare, and business service industries. Princeton Equity Group’s investments include European Wax Center, Massage Envy, Sola Salons, Urban Air, and many more. The firm is headquartered in Princeton, New Jersey.

...
198 Rogers Street, Princeton, WV , 24740
  • Size SF 1,211
  • Built/Renov1987/2022
  • Price/SF$1,197
  • Lease Start04-25-2002
  • Rent/SF$77.78
  • Lease Type Abs NNN
  • Lot/AC0.43
  • Pop 5MI26,770

1,449,000

  • Cap Rate 6.50%
  • NOI $94,192
  • R. Term/Yrs 11.9
  • Guarantor Corporate
  • # Units 173
  • Recent renovation

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Highway close

  • Absolute NNN

  • Long 10+ yr lease

  • Accelerated depreciation

  • Corporate Guarantee

  • ...
  • Recent renovation
  • Strickland Brothers has 13+ years remaining on the base term with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years
  • Absolute NNN lease | Zero Landlord responsibilities
  • Asset may be eligible for Bonus Depreciation | Speak with your CPA/Tax Advisor to confirm
  • Corporate guaranteed lease
  • Tenant Strickland Brothers
  • Guarantor Corporate
  • #Units 173
  • Stock Private

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 comprehensive professional automotive maintenance and repair services, as well as state inspection services, fleet services and free courtesy checks. Established in 2016 in Thomas, North Carolina, by 2018 the company had more than five units opened throughout the Carolinas. In 2020 through franchising, they started national expansion, awarding 50 units in 10 states within the first 6 months. Today, Strickland Brothers has over 170 locations and more than 200 locations in various phases of development. In May 2021 the company gained an investment from private equity firm Princeton Equity Group to help fuel growth. Strickland Brothers is headquartered in Winston Salem, North Carolina.

Princeton Equity Group is a private equity firm that invests in growth-stage companies with a focus in franchised and multi-unit business models. The firm, founded in 2006 partners with companies across the consumer, healthcare, and business service industries. Princeton Equity Group’s investments include European Wax Center, Massage Envy, Sola Salons, Urban Air, and many more. The firm is headquartered in Princeton, New Jersey.

...

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