270 Northwest HwyPalatine, IL 60067

This exceptional investment opportunity presents a fee-simple ownership of a Village Inn restaurant in Palatine, Illinois, a Chicago suburb. The 4,305 square foot building, constructed in 1990 and situated on a 1.26-acre lot, enjoys a prime location at a signalized intersection of E. Northwest Highway and N. 1st Bank Drive, experiencing nearly 22,000 vehicles daily. The property benefits from a strong demographic profile, with over 100,000 people and 40,000 households within a 3-mile radius, boasting a median household income exceeding $100,000. The tenant, operating under an absolute NNN lease with a remaining term of approximately 3.2 years and one 10-year option, provides exceptional stability. The lease includes attractive 3% annual rent increases, ensuring consistent income growth. The current annual net operating income (NOI) is $146,240, resulting in a compelling 7% capitalization rate. The Village Inn location underwent a rebranding in 2024, and the tenant, part of the MTY Food Group (operating nearly 7,000 locations globally), has a 25-year operating history at this site. This property offers a secure, passive income stream with significant upside potential, making it an ideal addition to any diversified investment portfolio. The asking price is $2,090,000. The property is 100% occupied.