1160 Roselle Rd Schaumburg, IL 60193-4072

Property Details for 1160 Roselle Rd

Year built

1991

Lot size

0.83 lot acres

Property type

Retail space

APN

07-27-302-060

APU

727302060

Description

This exceptional investment opportunity presents a fee-simple ownership of a 2,449 square foot KFC restaurant situated on a 0.82-acre lot in Schaumburg, Illinois. The property boasts a strong 8-year remaining ground lease (with two 5-year options) directly benefiting from a long-standing tenant (since March 1992), demonstrating significant commitment to the location. The lease includes built-in rent bumps of 10% during the base term and 15% during the option periods, ensuring consistent income growth. The property features 38 parking spaces and enjoys a prime location as an outparcel to the Schaumburg Town Center, within a thriving retail corridor. This high-traffic area benefits from a daytime population exceeding 150,000 and a resident population of 116,674 within a three-mile radius, contributing to a robust customer base. The property's strong financial performance is reflected in its 6.52% cap rate and a current NOI of $64,564, with an asking price of $990,000 ($404.25/sq ft). The property's strategic location near major roadways (IL-390 and I-90) and prominent retailers further enhances its investment appeal. Built in 1992, this single-story building offers a secure and profitable investment opportunity with significant upside potential. The Cook County property (APN: 07-27-302-060-0000) presents a rare chance to acquire a well-established, high-performing asset in a premier Chicagoland location.

Location Insight

City

Schaumburg

County

Cook

State

Illinois

Longitude

-88.0805

Latitude

42.0065

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments