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1825 Barrington Rd
Hoffman Estates, IL 60169
Steak n' Shake · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease Structure
- Strong Visibility Along Major Arterial
- Established Operating History
- Affordable Price Point with Strong Underlying Real Estate
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Steak n' Shake located at 1825 Barrington Road, Hoffman Estates, IL 60169. The site consists of roughly 3,750 rentable square feet of building space on an estimated 1.15-acre parcel of land. This Steak n' Shake is subject to an original 18-year Triple Net (NNN) lease, which commenced 7/4/1998. The current annual rent is $125,377 and the tenant has two 5-year extension options remaining.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,750 SF
Building Class
B
Year Built
1997
Price
$1,547,864
Price Per SF
$412.76
Cap Rate
8.10%
NOI
$125,377
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.15 AC
Zoning
B-2
Parking
50 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
210’ on Barrington Rd
AMENITIES
- Pylon Sign
- Drive Thru
PROPERTY TAXES
| Parcel Number | 07-07-100-026-0000 | Improvements Assessment | $129,798 |
| Land Assessment | $174,892 | Total Assessment | $304,690 |
PROPERTY TAXES
Parcel Number
07-07-100-026-0000
Land Assessment
$174,892
Improvements Assessment
$129,798
Total Assessment
$304,690
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