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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  • 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