2508 W Higgins RD new Save Request In-Person Tour Request Virtual Tour
Hoffman Estates,IL 60169
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 3,750 sqft
Price per Sqft $479
MLS Listing ID 12360330
Year Built 1997
Annual Tax Amount $93,502
Tax Year 2023
Lot Dimensions 270X400
Property Sub-Type Retail/Stores
Property Description
PROPERTY HIGHLIGHTS * NNN Lease * NOI * National Tenant * 44K SF Lot * Drive-Thru * 5K SF Building * Parking for 50+ * High-traffic National tenant (Steak 'n Shake) in place since 1998 offers great stability in a high-traffic intersection of Chicago's northwest suburbs. LAND AND BUILDING FOR SALE. Lease with a long-term tenant in place with no reason to think they won't continue. Lease renewal every 5 years - next renewal July 2026 Tenant has been in place since property was built in 1999 In 2036 Terms can be renegotiated Income: $10,477.79 Per Month - Annual Income $125,733.48 True NNN lease - even when expenses go up the NNN covers everything.
Location
State IL
County Cook
Area Hoffman Estates
Zoning COMMR
Interior
Cooling Central Air
Flooring Tile
Fireplace N
Building
Dwelling Type Retail/Stores
Level or Stories 1