Triple-Net Leased Restaurant
New
For Sale
$8,400,000
1950 E Golf Rd, Schaumburg, IL 60173
8,490-square-foot restaurant on a triple-net lease with more than 13 years remaining.
Property Size8,490 SF
Price / SF$989.40
Days on Market5
Property Features for 1950 E Golf Rd
General Information
Standard status
Active
Size
8,490 SF
Property subtype
Restaurant
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6.25%
Amenities
Over 13 Years Remaining on NNN Lease With Three 5-Year Renewal Options
10 Percent Rent Increase Every 5 Years in Initial Term and Options
New 2024 Build-to-Suit Construction Featuring an Open Churrasco Grill and Patio
Directly North of 2 Million-Square-Foot Woodfield Mall, With Nearly 280 Retail Tenants
Daytime Population of 381,205 and $129,740 Average Household Income Within 5-Mile Radius
Just 11.5 Miles to O'Hare International Airport and 26.2 Miles to Downtown Chicago
Building Details
Building Size
8,490 SF
Tenancy
Single
Listing Agency:
(312) 327-5422
Listed By:
Nick Kanich · License #License(s): IL: 475.147401
(312) 327-5422
Source:
Marcusmillichap
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 30 at 2:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nick Kanich
Investment Insights
Based on property information with market context.
Fee simple for sale: an 8,490-square-foot restaurant building in Schaumburg, Illinois, currently operated by Fogo de Chão Churrascaria (Schaumburg) LLC. The tenant has over 13 years remaining on a triple-net lease. The lease includes a 10% rent increase every five years within the initial term and across three five-year renewal options.
The property sits on the northwest corner of West McConnor Parkway and Walter Payton Drive, directly north of Golf Road and Woodfield Mall, and just west of Interstate 290. The immediate area includes dining and hospitality operators such as The Capital Grille, Hyatt Regency, Perry’s Steakhouse and Grille, along with Perdoceo Education headquarters and Roosevelt University.
The offering is structured to provide the stability of an established restaurant operator with long remaining lease term under a triple-net responsibility framework, with scheduled contractual rent increases.
The property sits on the northwest corner of West McConnor Parkway and Walter Payton Drive, directly north of Golf Road and Woodfield Mall, and just west of Interstate 290. The immediate area includes dining and hospitality operators such as The Capital Grille, Hyatt Regency, Perry’s Steakhouse and Grille, along with Perdoceo Education headquarters and Roosevelt University.
The offering is structured to provide the stability of an established restaurant operator with long remaining lease term under a triple-net responsibility framework, with scheduled contractual rent increases.
Key Highlights
- 8,490‑square‑foot restaurant in Schaumburg, IL offered as fee simple interest.
- Triple‑net lease with Fogo De Churrascaria (Schaumburg) LLC and over 13 years remaining.
- Lease provides 10% rent increases every 5 years during the initial term and in three 5‑year renewal options.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,197
Businesses Nearby
1.1M
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 56%
Dining 19%
Superstores 15%
Shops & Services 9%
Macy's
Apparel
254,563 visits/mo
0.4 miles
Costco Wholesale
Superstores
165,515 visits/mo
0.4 miles
Nordstrom
Apparel
143,649 visits/mo
0.3 miles
JCPenney
Apparel
113,425 visits/mo
0.3 miles
Costco Gasoline
Shops & Services
79,692 visits/mo
0.4 miles
Demographics for 60173, IL
13,764
Population
6,901
Households
2
Avg Household Size
35
Median Age
67%
College-Educated
97%
High-School Grad
6.4 sq mi
ZIP Area
2,151
Density / Sq Mi
$99,975
Median Household Income
$68,305
Median Earnings
$1,786
Median Rent
$311,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Shabu-You Japanese Buffet — 1180 Plaza Dr, Schaumburg, IL 60173
Frequently Asked Questions
What type of property is this?
Conventional restaurant - 8,490-square-foot restaurant on a triple-net lease with more than 13 years remaining.
Where is this conventional restaurant located?
The property is located at 1950 E Golf Rd Schaumburg, IL.
What is the asking price?
The asking price for this property is $8,400,000.
What are key features of this property?
This property features: 8,490‑square‑foot restaurant in Schaumburg, IL offered as fee simple interest.; Triple‑net lease with Fogo De Churrascaria (Schaumburg) LLC and over 13 years remaining.; Lease provides 10% rent increases every 5 years during the initial term and in three 5‑year renewal options.
