Steak n' Shake
Retail | 8.00% CAP | 3,750 SqFt
Marketing description
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.
Investment highlights
Absolute NNN Lease Structure | Long-term original 18-year triple-net (NNN) lease with zero landlord responsibilities, providing stable and predictable income with minimal management.
Established Operating History | The lease commenced in 1998, demonstrating more than two decades of operational continuity and commitment to this well-positioned Hoffman Estates corridor.
Strong Visibility Along Major Arterial | Positioned directly on Barrington Road with combined ADTs exceeding 52,000+ vehicles daily, offering exceptional frontage and long-term traffic-driven stability.
Affordable Price Point with Strong Underlying Real Estate | The ±3,750 SF freestanding building sits on a generous 1.15-acre parcel, offering future flexibility for re-tenanting or adaptive reuse in a dense retail and medical corridor.
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