Lansing (Chicago), IL 60438

IHOP

Property Address

2430 173rd Street, Lansing, IL, USA

Offering Summary

  • Price: $3,078,000
  • Lot Size: 1.04 Acres
  • Cap Rate: 5.85%
  • Year Built: 2017
  • Building SF: 4,909
  • Status: Available
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  • 16 Years Remaining on Absolute Triple-Net (NNN) Lease Term
  • 10% Rental Increases Every 5 Years
  • 237,264 Residents within a 5-Mile Radius - Dense Trade Area in the Chicago MSA
  • Guarantor is One of the Largest Franchisee and Developers of IHOP Restaurants in the U.S. - 110+ Locations
  • Situated Immediately Off the I-94 Freeway (178,400+ Cars/Day), Providing Direct Access to Chicago
  • Located within a Major Retail Corridor - Tenants Include Walmart, The Home Depot, Planet Fitness, Sam’s Club, ALDI, Wendy’s, and More
  • Positioned Off Torrence Avenue with 22,100 Cars/Day
  • Strong Daytime Population - 217,150+ Employees in Surrounding Area

Broker Information