$2,150,000
$2,190,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
2270 W Higgins Road Hoffman Estates, IL 60169
4,388 SqFt
Key Details
Sold Price $2,150,000
Property Type Commercial
Sub Type Retail/Stores
Listing Status Sold
Purchase Type For Sale
Square Footage 4,388 sqft
Price per Sqft $489
MLS Listing ID 10319122
Sold Date 06/17/19
Year Built 2016
Annual Tax Amount $72,165
Tax Year 2017
Lot Dimensions APPROX 143 X 340
Property Description
Huge Price Reduction!!! Absolute NNN McDonald's Ground Lease with 17+ years remaining on the lease in Hoffman Estates, IL - a near suburb of Chicago. New construction building ('16), this property has been built to McDonald's most updated prototype site and building including a double drive-thru lane. McDonald's has been a tenant in this location since 1983. Investors will benefit from this absolute NNN deal as there is zero landlord responsibility- tenant is responsible for all expenses, repairs, roof, structure, etc. The property is an outlot of Barrington Square Town Center. Benefits from great co-tenancy including Buona Beef (new prototype building scheduled to open late 2019), Poplar Creek Bowl, Advance PreSchool, America's Bar, Gigi's Playhouse and Garibaldi's Restaurant. In immediate proximity to large office parks and is directly across the street from Amita Health St. Alexius Medical Center campus with 300+ beds & 2700 employees. Price reduced $300k from original. CAP at 4.8%
Location
State IL
County Cook
Interior
Cooling Central Individual
Fireplace N
Exterior
View Y/N true
Read Less
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