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Fat Rosie’s

Schaumburg, Illinois

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NNN Pro Group is pleased to present the exclusive listing for a Fat Rosie’s located at 870 N Meacham Rd in Schaumburg, Illinois. The site consists of roughly 6,655 rentable square feet of building space on estimated 1.58-acre parcel of land. This Fat Rosie’s is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The current annual rent is $400,000 and is scheduled to increase by 10% every five years throughout the base term and in each of the 4, 5-year renewal options.

About the Investment:

– Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
– Lease Commences Upon Close of Escrow
– Ten Percent (10%) Rental Increases Every 5 Years
– Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
– Corporately Guaranteed by CS MasMex Holdings, LLC
– Significant Capital Improvement | ~$1.75M in Renovations Added to Site
– Exceptional Unit-Level Performance | Call Broker for More Details!

Key Details

Price:
$5,925,926
Cap Rate:
6.75%
Annual Rent:
$400,000
Address:
870 N Meacham Rd, Schaumburg, Illinois 60173
Property Type:
Restaurant
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
Close of Escrow
Lease Expiration:
20 Years from Close of Escrow
Lease Term Remaining:
20 Years
Rental Increases:
10% Every 5 Years
Lot Size:
1.58 Acres
Building Size:
6,655 SF
Year Built:
2013
Tenant:
Fat Rosie’s

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Alexandre Marietto

License: 10401294047

James Westerberg

License: 10401304686

Francis Purritano

License: 10401333619

Nicole Lin

License: 10401370612

Broker of record

Brian Brockman

Bang Realty-Illinois, Inc

License: 471020548


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