Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in an 8,490-square-foot restaurant in Schaumburg, IL, in which Fogo De Chão Churrascaria (Schaumburg) LLC has over 13 years remaining on its triple-net lease. The lease features a 10 percent rent increase every 5 years in both the initial term and three 5-year renewal options. On the northwest corner of West McConnor Parkway and Walter Payton Drive, Fogo De Chão sits directly north of Golf Road and Woodfield Mall, the 12th-largest U.S. shopping mall, and just west of Interstate 290. Neighbors include The Capital Grille, Hyatt Regency, Perry’s Steakhouse and Grille, Perdoceo Education headquarters, and Roosevelt University. Located in Chicago’s affluent northwest suburbs, 77,249-person Schaumburg is home to the headquarters of insurer Zurich U.S. and postsecondary education company Perdoceo. The village continues to grow with the 225-acre Veridian mixed-use redevelopment and 32.8-acre $82 million Loeber Farm residential redevelopment. Founded in 1979 in Porto Alegre, Brazil, Fogo de Chão now has nearly 120 worldwide locations and plans to open 14 to 16 new locations in 2026. Known for its all-you-can-eat pricing, the restaurant chain also offers $6 Bar Fogo bites. Bain Capital has owned the chain since 2023. This property combines an amazing location across from Woodfield Mall, the limited landlord responsibilities of a triple-net lease, and the security of a successful, expanding tenant backed by Bain Capital.