60 Hampton St - Restaurant FOR SALE


Morris, IL 60450
$1,011,499 USD
213-629-7346
60 Hampton St, Morris, IL for Sale
$1,011,499 USD
Restaurant - FOR SALE
1/7
null | 8% Cap Rate

60 Hampton St
Morris, IL 60450


HIGHLIGHTS

  • Absolute NNN lease structure with zero landlord responsibilities.
  • 10% rental increase in November 2026 for a pro-forma cap rate of 8.00% and every five years throughout lease term and options.
  • Located 0.32 miles from Interstate 80 with ±37,000 vehicles daily.
  • Surrounded by national retailers and adjacent hospitality accommodations.
  • Costco distribution center employing 400+ people immediately behind property.
  • Established IHOP brand with strong national recognition and stable franchise performance.

OVERVIEW

The Pro-Forma Rent of $80,890 starts November 1st, 2026 from the current rent of $73,536. This offering presents an absolute NNN investment opportunity in a freestanding IHOP restaurant located at 60 Hampton Road in Morris, Illinois. The property is subject to a long-term lease with zero landlord responsibilities, providing a stable and predictable income stream for investors. Situated on a 0.75-acre parcel, the building encompasses 5,008 square feet and has been operating under a 10-year net lease that commenced in 2021, featuring 10 percent rental increase November 2026 to a pro-Forma Cap Rate of 8.00% and 10 percent every five years during the option periods. The site has approximately 5.5 years remaining on the initial term, with four additional 5-year options to extend, ensuring long-term occupancy security. Its location offers excellent connectivity, positioned just 0.32 miles from Interstate 80, which sees traffic counts of approximately 37,000 vehicles per day. The surrounding trade area features a strong retail presence and significant demand drivers, including major retailers such as Walmart, Menards, and Aldi, as well as several hotels. Notably, a Costco distribution center employing over 400 individuals is directly behind the property, creating a consistent flow of activity to the area. This investment combines a high-visibility location, established franchise operator, and attractive financial structure, presenting an opportunity for investors seeking dependable cash flow in a growing metropolitan corridor.

FOR SALE DETAILS

PRICE

$1,011,499 USD

PRICE/SF

$202 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

IHOP Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

32,992 SF

ZONING

B3

APN/PARCEL ID

02-28-426-002

ASK ABOUT THIS PROPERTY

Shawn BakkeCushman & WakefieldMore Info
213-629-7346

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Shawn BakkeCushman & WakefieldMore Info
213-629-7346

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