Hoffman Estates, IL 60169 2508 W Higgins Road
$1,799,000
Presented By: Berkshire Hathaway HomeServices Chicago
SQFT • 3,750
Home Details
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.
Presented By: Berkshire Hathaway HomeServices Chicago
Interior Features for 2508 W Higgins Road
Other Interior Features
FlooringTile
General for 2508 W Higgins Road
Additional Parcels Y/NNo
CityHoffman Estates
CoolingCentral Air
CountyCook
DirectionsBetween I90 and Golf Road - Take Barrington Road to Higgins E to Steak 'n Shake.
ElectricOther
Leasable Area3750
Lease TypeNet
Lot Size Square Feet49969
MLS AreaHoffman Estates
Net Operating Income125733
Property SubtypeRestaurant
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive
StatusActive
Stories1
Tax Annual Amount93502.1
Tax Year2023
TownshipSchaumburg
Year Built1997
ZoningCOMMR
Exterior for 2508 W Higgins Road
Building Area Total3750
Frontage TypePublic Road
Lot Dimensions270X400
Additional Details
Price History
