DeKalb, IL 60115

IHOP

Property Address

131 N Annie Glidden Rd, DeKalb, IL, USA

Offering Summary

  • Price: $2,000,000
  • Lot Size: 1.57 Acres
  • Cap Rate: 6.0%
  • Year Built: 2011
  • Building SF: 4,000
  • Status: In Escrow
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  • Absolute Triple-Net (NNN) Lease
  • 20 Years Remaining on Lease Term
  • Ten Percent Rental Increases Every 5 Years
  • Full Term Personal Guaranty
  • 24 Hour Restaurant
  • Excellent Location Adjacent to Northern Illinois University (20,130 Students)
  • 73,000 Daytime Employees in Trade Area
  • Visible to 24,600 Cars per Day from N. Annie Glidden Rd
  • Close Proximity to 670+ Apartment Units
  • DeKalb is Just Over an Hour from Chicago

Broker Information