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Restaurant

Perry's Steakhouse & Grill

1780 E Golf Rd, Schaumburg, IL 60173

Listing Price: $7,759,000

Cap Rate
6.00%
Tenant Name
Perry's Steakhouse & Grille
Years Remaining On Lease
19.0
Guarantor
Corporate Guarantee
Rentable SF
10,000
Lease Type
Ground Lease
Rent Per Square Feet
$46.55

Investment Overview

Marcus & Millichap is pleased to exclusively offer Perry's Steakhouse & Grille, an award-winning tenant with a 20-year ground lease with rental increases every five years. All 17 Perry's locations have received the 2020 Wine Spectator Award and named one of the Top 100 Best Steakhouses in America by OpenTable. The tenant at this location opened for business in October of 2020. This is a 2020 new construction in a high barrier-to-entry, infill location with an affluent population. There are 363,315 people living within a five-mile radius with an average household income of $113,132. The property is situated within the Hyatt Regency Hotel Campus with 468 rooms and over 30,000 square feet of event space, as well as nearly 730,000-square feet of office space. Located directly across the street from the property is one of America's largest malls, Woodfield Mall, which has over 27 million visitors annually. This incredible location is in close proximity to two interstates, Interstate 90 and 290 with 310,650 vehicles per day, and is located along Golf Road with 43,550 vehicles per day. Schaumburg is Illinois' largest center of economic development, an award-winning town, and has significant new developments underway. For more information, please view the full Offering Memorandum.

Investment Highlights

  • 20-Year Ground Lease with Rental Increase
  • Brand New Construction (2020)
  • High Barrier-to-Entry, Infill Location with Affluent Population
  • Situated Across the Street from One of America's Largest Malls
  • Positioned Within the Hyatt Regency Hotel Campus

Exclusively Listed By

Restaurant

Perry's Steakhouse & Grill

Listing Price: $7,759,000

Cap Rate
6.00%
Tenant Name
Perry's Steakhouse & Grille
Years Remaining On Lease
19.0
Guarantor
Corporate Guarantee
Rentable SF
10,000
Lease Type
Ground Lease
Rent Per Square Feet
$46.55

Investment Highlights

  • 20-Year Ground Lease with Rental Increase
  • Brand New Construction (2020)
  • High Barrier-to-Entry, Infill Location with Affluent Population
  • Situated Across the Street from One of America's Largest Malls
  • Positioned Within the Hyatt Regency Hotel Campus

Investment Overview

Marcus & Millichap is pleased to exclusively offer Perry's Steakhouse & Grille, an award-winning tenant with a 20-year ground lease with rental increases every five years. All 17 Perry's locations have received the 2020 Wine Spectator Award and named one of the Top 100 Best Steakhouses in America by OpenTable. The tenant at this location opened for business in October of 2020. This is a 2020 new construction in a high barrier-to-entry, infill location with an affluent population. There are 363,315 people living within a five-mile radius with an average household income of $113,132. The property is situated within the Hyatt Regency Hotel Campus with 468 rooms and over 30,000 square feet of event space, as well as nearly 730,000-square feet of office space. Located directly across the street from the property is one of America's largest malls, Woodfield Mall, which has over 27 million visitors annually. This incredible location is in close proximity to two interstates, Interstate 90 and 290 with 310,650 vehicles per day, and is located along Golf Road with 43,550 vehicles per day. Schaumburg is Illinois' largest center of economic development, an award-winning town, and has significant new developments underway. For more information, please view the full Offering Memorandum.

Exclusively Listed By

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