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IHOP - 10 Yr Abs NNN - Healthy Sales 1700 E Higgins Rd 6,103 SF Retail Building Schaumburg, IL 60173 $3,832,638 CAD ($627.99 CAD/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 10 Years Remaining on an Absolute Triple-Net (NNN) Lease with a Top IHOP Franchisee - 120+ Location Operator/Guarantor
- Established Location - Store Sales are in Excess of IHOP’s Average Unit Level Performance
- Affluent Trade Area - Average Household Income Exceeds $166,000 in the Immediate Area
- 10% Increase in 2 Years – 10% Rent Increases Every 5 Years Thereafter
- Densely Populated Trade Area in the Chicago MSA - 261,989 Residents within 5 Miles
- Excellent Visibility and Access Along East Higgins Road (±36,400 Cars per Day)
EXECUTIVE SUMMARY
Schaumburg is a village in northeastern Illinois, located mostly within Cook County and partly within DuPage County. Home to over 78,700 residents, Schaumburg is part of a region known as the Golden Corridor.
Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | P: (630) 570-2200 | Lic #: 471.011175 | Steven.Weinstock@MarcusMillichap.com
PROPERTY FACTS
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Accommodation and Food Services
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99,999 SF
- -
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Lorem Ipsum
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Jan 0000
Since 1958, IHOP® has been the place where people connect over breakfast, enjoy study breaks, grab a bite before or after sporting events, and so much more. And no matter what menu items they order, there’s one ingredient that’s always constant — a smile. They've seen millions of smiles over the years in their restaurants, and now shared in photos across their social properties. In fact, smiles are so much a part of their culture that they changed their logo to include one. This is just one of the many fun and exciting changes customers can expect from IHOP®. Because they know the shortest distance between two people is a smile. For more than 63 years, IHOP has been a leader, innovator and expert in all things breakfast, any time of day. The chain offers numerous different signature, fresh, made-to-order breakfast options, a wide selection of popular lunch and dinner items, including Ultimate Steakburgers.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
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Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07-13-408-010-0000 | Improvements Assessment | $154,555 CAD |
| Land Assessment | $181,534 CAD | Total Assessment | $336,089 CAD |
PROPERTY TAXES
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IHOP - 10 Yr Abs NNN - Healthy Sales | 1700 E Higgins Rd
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