60 Hampton St
Morris, IL 60450

Savills Inc., as the exclusive advisor to the seller, is pleased to present the absolute net lease investment opportunity in the fee simple interest of an IHOP restaurant located at 60 Hampton Road in Morris, Illinois. The Property is subject to a twenty-five (25) year NNN Lease that commenced in December of 2019 with ten percent (10%) rental increases every five (5) years beginning in year 10 and at each of the four (4) 5-year Options to Extend. The property is offered at $1,278,877, which is a 5.75% cap rate on annual rents of $73,536. Primary access to the Subject Property is provided by Hampton Road, which is an arterial street off of North Division Street. Interstate 80, which travels east and west connecting Chicago with Des Moines and Iowa City, Iowa, is approximately 0.32 miles south of the Subject Property. The interstate exit is adjacent to the Subject Property and generates traffic counts of ±37,000 cars per day.