Surmount is pleased to present the exclusive listing for an IHOP and Teriyaki Madness located at 948 Dundee Road, Palatine, IL 60074. The property consists of approximately 4,336 rentable square feet situated on an estimated 0.51-acre parcel and is leased to two nationally recognized quick-service concepts, IHOP and Teriyaki Madness. The current annual rent is $150,324 and IHOP is secured by a 20-year Triple Net (NNN) lease with 10% rental increases every five years while Teriyaki Madness operates under a 10-year NNN lease featuring annual 3% rent escalations.