Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    IHOP NNN Lease Investment Title is generated by Realmo AI

    1700 E Higgins Rd, Schaumburg, IL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    NNN leased IHOP with established sales history and rent increases.

    Type:RETAIL
    Property size:
    6,103 SF
    Lot size:
    1.03 Acres
    Price / SF:
    $449/SF
    Added:
    Oct 9, 2025
    Days on Market:
    220
    Last Refresh:
    Apr 5 at 10:33 pm

    Property Features for 1700 E Higgins Rd

    General Information

    Standard status
    Active
    Size
    6,103 SF
    Lot size
    1.03 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Mark Ruble
    Mark Ruble

    Listing agent Mark Ruble

    Listing office Marcus & Millichap | Phoenix

    Listing date Oct 9, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | Phoenix

    HighLights

    • 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
    • Established Location - Store Sales are in Excess of IHOP’s Average Unit Level Performance
    • 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)

    Overview

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    IHOP Restaurant NASCAR Refuel Tenders ... Restaurant TenderFix by Noah ... Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Schaumburg
    County
    Cook
    State
    Illinois
    Longitude
    -88.0377
    Latitude
    42.0387

    Nearby Similar for Sale

    • $1,950,000

      Schaumburg Commercial Property For Sale

      Established car care center with investment potential in Schaumburg, IL.
      1801 W Wise Road, Schaumburg, IL 60193
      View Details
    • $679,900
      2,600 SF

      Schaumburg Office Suite For Sale

      2,600 SF office suite in Courtyards of Woodfield, Schaumburg.
      800 E Woodfield Road, Suite 115 & 116 | Schaumburg, IL 60173
      View Details
    • $895,000
      2,915 SF

      Restaurant on Corner Lot For Sale

      Restaurant on a corner lot with high traffic and visibility.
      1820 W Irving Park Road, Schaumburg, IL 60193
      View Details
    • $159,900

      Schaumburg Commercial Property For Sale

      Commercial property available for purchase in Schaumburg, Illinois.
      5 Woodfield Mall, Schaumburg, IL 60173
      View Details
    • $1,200,000

      Schaumburg Commercial Property for Sale

      Commercial property available in Schaumburg, Illinois.
      25 S Roselle Road, Schaumburg, IL 60193
      View Details
    • $4,500,000
      61,196 SF

      Schaumburg Office Complex For Sale

      Well-maintained 63,345 SF office complex in Schaumburg, Illinois.
      830-890 E Higgins Rd, Schaumburg, IL 60173
      View Details
    • $675,000
      5,995 SF

      Schaumburg Industrial/Warehouse Space For Sale

      5,995 SF industrial/warehouse space with office and executive lounge.
      935 Lunt Ave, Schaumburg, IL
      View Details
    • $22
      186,545 SF

      Class A Office Building

      Seven-story office building with heated parking and modern amenities.
      1375 East Woodfield Road, Schaumburg, IL 60173-6068
      View Details
    • $45,000

      Turn-Key Boutique Studio in Schaumburg

      High-end permanent makeup and tattoo studio in Scharrington Square.
      2509 W Schaumburg Road, Schaumburg, IL 60193
      View Details
    • $1,290,000
      5,700 SF

      Schaumburg Industrial Building with Parking

      Versatile property with warehouse, office, and large parking lot.
      515 LUNT Avenue, Schaumburg, IL 60193
      View Details
    • $17
      240,880 SF

      Furnished Office Sublease in Schaumburg

      Furnished office space available for sublease, close to Woodfield Mall.
      1100 East Woodfield Road, Schaumburg, IL 60173
      View Details
    • Contact for pricing
      16,448 SF

      Schaumburg Retail Investment Opportunity

      Fully occupied 16,448 SF retail property in Schaumburg, Illinois.
      1837 Irving Park Road, Schaumburg, IL 60193
      View Details

    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 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mark Ruble
    Mark Ruble
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1700 E Higgins Rd, Schaumburg, IL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!