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!