Popeyes | 2280 W Higgins Rd
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Popeyes 2280 W Higgins Rd
2,349 SF Retail Building Hoffman Estates, IL 60169 $3,066,000 ($1,305/SF) 5.65% Cap Rate
Investment Highlights
- 2024 Construction. 2,349+/- SF Building on 0.66+/- Acre Site
- Superb Demographics in Northwest Suburb of Chicago – 210,100+ Residents w/in 5 Miles w/ Avg. HH Income of $125,830+
- Popeyes is the World’s Second-Largest Quick-Service Chicken Brand, With Over 4,178 Locations Worldwide
- Located on W Higgins Road (22,066+ VPD), just South of 1-90 (149,975+ VPD)
- Across the Street from Ascension Saint Alexius Medical Campus – 950+ Physicians, 1,800+ Employees, & 60+ Specialties
- Hoffman Estates | Located in the Chicago, IL MSA | MSA Population: 9.4M+
Executive Summary
Brand New 20 Year Ground Lease with 10% Rental Increases Every 5 Years, Plus (4) 5 Year Options to Renew
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,349 SF
Building Class
C
Year Built
2024
Price
$3,066,000
Price Per SF
$1,305
Cap Rate
5.65%
NOI
$173,222
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.66 AC
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 07-07-205-009-0000 | Improvements Assessment | $11,741 |
| Land Assessment | $57,130 | Total Assessment | $68,871 |
PROPERTY TAXES
Parcel Number
07-07-205-009-0000
Land Assessment
$57,130
Improvements Assessment
$11,741
Total Assessment
$68,871
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Popeyes | 2280 W Higgins Rd
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