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Steak n' Shake 1825 Barrington Rd 3,750 SF Retail Building Hoffman Estates, IL 60169 $2,211,641 CAD ($589.77 CAD/SF) 7.75% 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
$2,211,641 CAD
Price Per SF
$589.77 CAD
Cap Rate
7.75%
NOI
$171,457 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.15 AC
Zoning
B-2
Parking
50 Spaces (10 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 | $171,340 CAD |
| Land Assessment | $306,652 CAD | Total Assessment | $477,992 CAD |
Property Taxes
Parcel Number
07-07-100-026-0000
Land Assessment
$306,652 CAD
Improvements Assessment
$171,340 CAD
Total Assessment
$477,992 CAD
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Steak n' Shake | 1825 Barrington Rd
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