1700 E Higgins Rd | Schaumburg, IL 60173
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- LoopNet Team
1700 E Higgins Rd
Schaumburg, IL 60173
IHOP - 10 Yr Abs NNN - Healthy Sales · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 10 Years Remaining on an Absolute Triple-Net (NNN) Lease with a Top IHOP Franchisee - 120+ Location Operator/Guarantor
- Established Location - Store Sales are in Excess of IHOP’s Average Unit Level Performance
- Affluent Trade Area - Average Household Income Exceeds $166,000 in the Immediate Area
- 10% Increase in 2 Years – 10% Rent Increases Every 5 Years Thereafter
- 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)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
6,103 SF
Year Built
1983
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.03 AC
Parking
30 Spaces (4.92 Spaces per 1,000 SF Leased)
Frontage
186’ on Higgins Rd
PROPERTY TAXES
| Parcel Number | 07-13-408-010-0000 | Improvements Assessment | $167,625 |
| Land Assessment | $201,375 | Total Assessment | $369,000 |
PROPERTY TAXES
Parcel Number
07-13-408-010-0000
Land Assessment
$201,375
Improvements Assessment
$167,625
Total Assessment
$369,000
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