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Steak n' Shake 1825 Barrington Rd 3,750 SF Retail Building Hoffman Estates, IL 60169 $2,154,008 CAD ($574.40 CAD/SF) 8.10% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease Structure
- Strong Visibility Along Major Arterial
- Established Operating History
- Affordable Price Point with Strong Underlying Real Estate
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Steak n' Shake located at 1825 Barrington Road, Hoffman Estates, IL 60169. The site consists of roughly 3,750 rentable square feet of building space on an estimated 1.15-acre parcel of land. This Steak n' Shake is subject to an original 18-year Triple Net (NNN) lease, which commenced 7/4/1998. The current annual rent is $125,377 and the tenant has two 5-year extension options remaining.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,750 SF
Building Class
B
Year Built
1997
Price
$2,154,008 CAD
Price Per SF
$574.40 CAD
Cap Rate
8.10%
NOI
$174,475 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.15 AC
Zoning
B-2
Parking
50 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
210’ on Barrington Rd
AMENITIES
- Pylon Sign
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07-07-100-026-0000 | Improvements Assessment | $174,508 CAD |
| Land Assessment | $312,321 CAD | Total Assessment | $486,828 CAD |
PROPERTY TAXES
Parcel Number
07-07-100-026-0000
Land Assessment
$312,321 CAD
Improvements Assessment
$174,508 CAD
Total Assessment
$486,828 CAD
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Steak n' Shake | 1825 Barrington Rd
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