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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

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
More about this property
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