Home Details for 2508 W Higgins Road

NOTE: This property has been temporarily taken off the market pending confirmation from Steak 'n Shake regarding their lease renewal decision. Under the terms of their lease, Steak 'n Shake has options to extend for two additional five-year terms. Once their decision is finalized, we will be in a better position to provide prospective buyers with an accurate understanding of the tenant's long-term intentions. PROPERTY HIGHLIGHTS * NNN Lease * NOI * National Tenant * 44K SF Lot * Drive-Thru * 5K SF Building * Parking for 50+ * High-traffic National tenant (Steak 'n Shake) in place since 1998 offers great stability in a high-traffic intersection of Chicago's northwest suburbs. LAND AND BUILDING FOR SALE. Lease with a long-term tenant in place. Lease renewal every 5 years - next renewal July 2026 Tenant has been in place since property was built in 1999 In 2036 Terms can be renegotiated Income: $10,477.79 Per Month - Annual Income $125,733.48 True NNN lease - even when expenses go up the NNN covers everything.

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