August 5, 2025 – Jack Collins and Tanner Bailey of Horvath & Tremblay have successfully completed the sale of a Strickland Brothers in Algonquin, Illinois. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $1,448,000.
Strickland Brothers is located at 1560 E Algonquin Road in Algonquin, Illinois. The Property features a state-of-the-art facility with 5 drive-in bays in a 3,300 square-foot building on a 0.32-acre parcel of land. Strickland Brothers has 11+ years remaining on their Absolute NNN Lease with three (3), 5-year renewal options. The lease features attractive 10% rent increases every 5 years throughout the primary lease term and at the start of each renewal option. The Property is shadow anchored by Algonquin Town Center and is adjacent to E Algonquin Road (IL Route 62), the area’s primary commercial and commuter corridor. The property is across the street from Jewel-Osco and is seconds from Walgreens and Dunkin, each of which drives traffic to the area. Strickland Brothers is also convenient to densely populated residential neighborhoods and area schools that provide a built-in customer base. Algonquin is in central Illinois approximately 40 miles northwest of Chicago.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.