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    OFF-MARKET
    Commercial real estate

    3068 Kirchoff Rd, Rolling Meadows, IL 60008

    1,000 SF Built 1956
    Property ID
    Property summary
    AI-generated overview

    This thriving Boba Tea shop in Rolling Meadows, IL, presents a unique owner-user investment opportunity. Located within the Rolling Meadows Shopping Center, this 1,000 square foot, single-story business enjoys a prime location anchored by Jewel-Osco and surrounded by national tenants such as Dollar Tree, McDonald's, Great Clips, and Anytime Fitness. The property boasts high visibility and traffic, with over 10,700 vehicles passing daily. The business benefits from a strong customer base, supported by a population exceeding 102,000 within a three-mile radius and an average household income over $125,900. The sale includes all newer equipment (24 pieces), representing significant value. The current lease is a NNN (Net, Net, Net) agreement with four years remaining, offering a monthly rent of $1,582.50 plus $864 in NNN expenses. Built in 1956 and renovated in 1995, the building sits on a spacious 130,212 square foot lot with ample parking (100 spaces). The property is classified as Class B and offers immediate occupancy upon closing, scheduled for November 14, 2024. This turnkey operation is priced at $75,000 and represents a compelling opportunity for a savvy investor seeking a profitable and established business in a high-traffic location.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1956
    Total area 1,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Rolling Meadows Shopping Center Shopping Center & Mall
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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