This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
This Retail Property is no longer advertised on LoopNet.com.

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
Restaurant
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

PROPERTY TAXES

Parcel Number
07-13-408-010-0000
Land Assessment
$201,375
Improvements Assessment
$167,625
Total Assessment
$369,000
  • Listing ID: 37963308

  • Date on Market: 10/6/2025

  • Last Updated:

  • Address: 1700 E Higgins Rd, Schaumburg, IL 60173

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}