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Schaumburg, IL (Chicago MSA) 60173
IHOP
Property Address
1700 East Higgins Road, Schaumburg, IL, USA
Offering Summary
Price:
$2,860,000
Lot Size:
1.03 Acres
Cap Rate:
6.0%
Year Built:
1983
Building SF:
6,103
Status:
Available
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Principal
Broker
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)
Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | P: (630) 570-2200 | Lic #: 471.011175 |
[email protected]
Broker Information
Mark Ruble
Agent
Phone Number:
602.687.6766
mruble@marcusmillichap.com
Chris Lind
Agent
Phone Number:
602.687.6780
chris.lind@marcusmillichap.com
Zack House
Agent
Phone Number:
602.687.6650
zhouse@marcusmillichap.com
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