1700 E Higgins Rd - Restaurant FOR SALE
Schaumburg, IL 60173 |
1700 E Higgins Rd
Schaumburg, IL 60173
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)
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
IHOP - 10 Yr Abs NNN - Healthy Sales
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
6103
STORIES
1
YEAR BUILT
1983
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
07-13-408-010-0000
