1160 Roselle RdSchaumburg, IL 60193

  • Retail space
  • 0.83 AC
For Sale
$990,000 View listing

Property Details for 1160 Roselle Rd

Year built
1991
Lot size
0.83 AC
Property type
Retail space
APN
07-27-302-060
APU
727302060

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $9,555,334
    6.5%
    $8,820,308
    7%
    $8,190,286
  • Comparable approach

    Method
    Valuation
    Relative Method
    $9,210,183
    Geo Method
    $11,816,280
  • Alternative Use

    Use
    Valuation
    Residential
    $7,440,260
    Hospitality
    $6,815,238
    Educational
    $5,670,198
    Medical
    $5,865,205
    Retail
    $8,820,308

Location Insight

City
Schaumburg
County
Cook
State
Illinois
Latitude
42.0065
Longitude
-88.0805
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$50,736
$90,000
$96,775
$186,775
-
$360,000
$387,100
$747,100

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