1825 Barrington Rd - Fast Food FOR SALE


Hoffman Estates, IL 60169
$1,547,864 USD
910-670-9153
1825 Barrington Rd, Hoffman Estates, IL for Sale
$1,547,864 USD
Fast Food - FOR SALE
1/3
null | 8.1% Cap Rate

1825 Barrington Rd
Hoffman Estates, IL 60169


HIGHLIGHTS

  • Absolute NNN Lease Structure
  • Established Operating History
  • Strong Visibility Along Major Arterial
  • Affordable Price Point with Strong Underlying Real Estate

OVERVIEW

Surmount is pleased to present the exclusive listing for a Steak n' Shake located at 1825 Barrington Road, Hoffman Estates, IL 60169. The site consists of roughly 3,750 rentable square feet of building space on an estimated 1.15-acre parcel of land. This Steak n' Shake is subject to an original 18-year Triple Net (NNN) lease, which commenced 7/4/1998. The current annual rent is $125,377 and the tenant has two 5-year extension options remaining.

FOR SALE DETAILS

PRICE

$1,547,864 USD

PRICE/SF

$413 USD /SF

CAP RATE

8.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Steak n' Shake

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

B-2

APN/PARCEL ID

07-07-100-026-0000

ASK ABOUT THIS PROPERTY

Vincenzo RendaSurmountMore Info
910-670-9153

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Vincenzo RendaSurmountMore Info
910-670-9153

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