• 2270 W. Higgins Road, Hoffman Estates, IL 60169

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Property Details

Chicago MSA Absolute NNN McDonald's Corporate Ground Lease

Located 25 miles northwest of Downtown Chicago and 12 miles from O'Hare International Airport, Hoffman Estates is part of the Chicago Metropolitan Statistical Area (MSA) and is accessible to the entire Chicagoland region. With the recent widening of I-90, travelers can now get to O'Hare within 20 minutes or could utilize the Pace Park and Ride at Barrington Road to take the rapid transit bus into the CTA Blue Line station in Rosemont. One of the most significant projects to be completed in 2017 was the construction of the Park-n-Ride pedestrian bridge over I-90, with Pace bus service beginning in 2018. Hoffman Estates enjoys access to major regional roadways, including the Jane Addams Tollway (I-90), as well as state routes 58 (Golf Road), 59 (Sutton Road), 62 (Algonquin Road), 68 (Roselle Road), and 72 (Higgins Road). Hoffman Estates has over 26,000 people employed by the more than 800 businesses operating in the villages, drawing from the pool of over 3 million workers who reside within a 60 minute commute.Hoffman Estates is a full-service municipal community, providing police, fire, public works, and social services. The village's ability to provide such services is supported by sound financial planning, as evidenced by the community's bond ratings of Aa (Moodys) and AA+ (S&P). Huge Price Reduction!!! SVN Chicago Commercial is pleased to present this 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 (2016), 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 - the tenant is responsible for all expenses, repairs, roof, structure, etc. The property is an outlot of Barrington Square Town Center, which is an approx. 100,000 SF shopping center, and benefits from great co-tenancy including Buona Beef (new prototype building scheduled to open late 2019), Poplar Creek Bowl, Advance Pre School, America's Bar, Gigi's Playhouse and Garibaldi's Restaurant. It is also in immediate proximity to several large office parks, and is directly across the street from the Amita Health St. Alexius Medical Center campus which has over 300 beds and approx 2700 employees. Price just reduced over $300k from original offering. Now offered for sale at $2,190,000 which is a 4.8% CAP rate on the current NOI. Great for any 1031 investor looking for the most stable tenancy and best credit in the world.

  • Property Type
    Retail
  • Submarket
  • Year Built
    2016
  • Total Building Size
    4,388RSF
  • Total Acres
    1.12
  • Property ID
    2079682