1700 E Higgins Rd - Restaurant FOR SALE


Schaumburg, IL 60173- Far Northwest Suburban Cook
$2,860,000 USD
602-687-6766
1700 E Higgins Rd, Schaumburg, IL for Sale
$2,860,000 USD
Restaurant - FOR SALE
1/5
null | 6% Cap Rate

1700 E Higgins Rd
Schaumburg, IL 60173
Far Northwest Suburban Cook


HIGHLIGHTS

  • 10 Years Remaining on an Absolute Triple-Net (NNN) Lease with a Top IHOP Franchisee - 120+ Location Operator/Guarantor
  • 10% Increase in 2 Years – 10% Rent Increases Every 5 Years Thereafter
  • Established Location - Store Sales are in Excess of IHOP’s Average Unit Level Performance
  • Densely Populated Trade Area in the Chicago MSA - 261,989 Residents within 5 Miles
  • Affluent Trade Area - Average Household Income Exceeds $166,000 in the Immediate Area
  • Excellent Visibility and Access Along East Higgins Road (±36,400 Cars per Day)

OVERVIEW

IHOP® competes in the Family Dining segment of the restaurant industry, and all IHOP restaurants are owned by independent franchise operators. Headquartered in Phoenix, Arizona, Romulus Restaurant Group operates IHOP restaurants in Arizona, Idaho, Oklahoma, Kansas, Texas, New Mexico, Indiana, Illinois, Tennessee, and Ohio. Schaumburg is a village in northeastern Illinois, located mostly within Cook County and partly within DuPage County. Home to over 78,700 residents, Schaumburg is part of a region known as the Golden Corridor. Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | P: (630) 570-2200 | Lic #: 471.011175 | Steven.Weinstock@MarcusMillichap.com

FOR SALE DETAILS

PRICE

$2,860,000 USD

PRICE/SF

$469 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

IHOP - 10 Yr Abs NNN - Healthy Sales

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

-

APN/PARCEL ID

07-13-408-010-0000

ASK ABOUT THIS PROPERTY

Mark RubleMarcus & MillichapMore Info
602-687-6766

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Mark RubleMarcus & MillichapMore Info
602-687-6766

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.