For Sale
$990,000

1160 Roselle Rd Schaumburg, IL 60193

High-Yield KFC Ground Lease, 8 Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a fee-simple ownership of a 2,449 square foot KFC restaurant situated on a 0.82-acre lot in Schaumburg, Illinois. The property boasts a strong 8-year remaining ground lease (with two 5-year options) directly benefiting from a long-standing tenant (since March 1992), demonstrating significant commitment to the location. The lease includes built-in rent bumps of 10% during the base term and 15% during the option periods, ensuring consistent income growth. The property features 38 parking spaces and enjoys a prime location as an outparcel to the Schaumburg Town Center, within a thriving retail corridor. This high-traffic area benefits from a daytime population exceeding 150,000 and a resident population of 116,674 within a three-mile radius, contributing to a robust customer base. The property's strong financial performance is reflected in its 6.52% cap rate and a current NOI of $64,564, with an asking price of $990,000 ($404.25/sq ft). The property's strategic location near major roadways (IL-390 and I-90) and prominent retailers further enhances its investment appeal. Built in 1992, this single-story building offers a secure and profitable investment opportunity with significant upside potential. The Cook County property (APN: 07-27-302-060-0000) presents a rare chance to acquire a well-established, high-performing asset in a premier Chicagoland location.

Highlights

  • $990,000 asking price for a 2,449 SF KFC ground lease.
  • 8-year remaining lease term with two 5-year options; 10% rent bumps during the base term, 15% during options.
  • KFC tenant since 1992.
  • Located in Schaumburg, IL, a major business hub in Chicagoland.
  • Outparcel to Schaumburg Town Center, within a strong retail corridor.
  • High-density area with over 150,000 daytime population and 116,674 residents within 3 miles.

Property Details for 1160 Roselle Rd

Property type
Retail properties
Square Feet
2,449 SF
Year Built
1992
Buildings
1
Stories
1
Lot Size (sq. ft)
35,719 SF
Units
1

Location Insight

City
Schaumburg
County
Cook
State
Illinois
Latitude
42.006630593028
Longitude
-88.080380820693

FAQs

What type of property is this?
Retail property - High-Yield KFC Ground Lease, 8 Years Remaining
Where is the retail property located?
The property is located at 1160 Roselle Rd Schaumburg, IL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: $990,000 asking price for a 2,449 SF KFC ground lease.; 8-year remaining lease term with two 5-year options; 10% rent bumps during the base term, 15% during options.; KFC tenant since 1992.
How can I contact the broker?
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1160 Roselle Rd
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