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    1700 E Higgins Rd Schaumburg, IL 60173

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    For Sale
    $2,745,600

    NNN leased IHOP with established sales history and rent increases.

    Property size:
    6,103 SF
    Lot size:
    1.03 Acres

    Property Features for 1700 E Higgins Rd

    General Information

    Size
    6,103 SF
    Lot size
    1.03 Acres

    Source: Marcus & Millichap | Phoenix Agent Mark Ruble

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    IHOP NNN Lease Investment

    This property is an IHOP restaurant operating under an absolute triple-net (NNN) lease with 10 years remaining. The tenant is a top IHOP franchisee operating and guaranteeing over 120 locations. The lease includes a 10% rent increase in 2 years, followed by 10% rent increases every 5 years thereafter. The location is established, with store sales exceeding IHOP’s average unit level performance. Situated in the Chicago MSA, the trade area is densely populated with 261,989 residents within a 5-mile radius and an affluent area with average household income exceeding $166,000 in the immediate vicinity. The property benefits from excellent visibility and access along East Higgins Road, which experiences approximately 36,400 cars per day. The property size is 6,103 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    IHOP Breakfast Restaurant NASCAR Refuel Tenders ... Hamburger Restaurant TenderFix by Noah ... Chicken Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Schaumburg
    County
    Cook
    State
    Illinois
    Longitude
    -88.0376778
    Latitude
    42.0387346

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    FAQs

    What type of property is this?
    Breakfast & diner - NNN leased IHOP with established sales history and rent increases.
    Where is this breakfast & diner located?
    The property is located at 1700 E Higgins Rd Schaumburg, IL.
    What is the asking price?
    The asking price for this property is $2,745,600.
    What are key features of this property?
    This property features: - 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; - Affluent Trade Area - Average Household Income Exceeds $166,000 in the Immediate Area
    (602) 770-2935
    Request Owner's contact information
    1700 E Higgins Rd Schaumburg, IL 60173
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    Schaumburg, IL 60173
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1700 E Higgins Rd Schaumburg, IL 60173
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