Skip to main content

Shopping Community

Wings Resale Store

300 W Golf Rd, Schaumburg, IL 60195

Listing Price: $2,900,000

Cap Rate
5.75%
Gross SF
9,520
Rentable SF
9,520
Price/Gross SF
$304.62
Lot Size
0.81 acres
Year Built
1990

Investment Overview

Marcus & Millichap is pleased to present WINGS Program, Inc. (Wings) located at 300 West Golf Road in Schaumburg, Illinois. The subject property is a free-standing, retail building comprised of 9,520 square feet situated on 0.81 acres. This irreplaceable location is next to a signalized intersection at Golf Road and Valley Lake Drive, with frontage on Golf Road. The building was delivered in 1990 and has been professionally managed and maintained. The tenant, WINGS Program, Inc. operates a resale store at this location with multiple other locations in the surrounding suburbs of Arlington Heights and Niles. Wings took occupancy in 2014, and just extended their lease term through the end of July 2029, with two additional five-year renewal options along with 10 percent base rent increases. This is a triple-net lease, which limits landlord exposure to roof and structure. Ownership just had a new parking lot installed at the end of 2021. The retail rent in this area ranges between $17.00 to $24.00 per square foot, triple-net according to Co-Star, which should provide an investor tremendous upside in the future. WINGS Program, Inc., was established in 1985 with the goal of providing a pathway to independence for people who have been affected by domestic violence. They provide emergency safe shelter as well as transitional housing for victims and assistance meeting basic needs for items such as food and clothing. This is where their resale store operations come into place. WINGS operates three resale stores throughout the north and northwest Chicago suburbs including the subject property in Schaumburg, Arlington Heights, and Niles. These stores are a vital segment of WINGS outreach and have experienced growth in many ways including an increase in the footprint of the subject property to 100 percent in 2017. All profits generated are reinvested in the WINGS program, which is a great benefit to the community. The location provides excellent visibility and accessibility with frontage to Golf Road (35,400 VPD) near the intersection with Higgins Road (28,500 VPD). This is an excellent shopping region surrounded by national retailers and located one mile to Interstate 90 and less than 3 miles from Woodfield Mall. Schaumburg is a highly desirable and sought-after Chicago suburb with an estimated population of 242,000 and average household income of $114,000. The site is also next to a Tesla car dealership and surrounded by many additional automotive dealerships in the immediate area

Investment Highlights

  • Long Term Lease with Over 8 Years of Term Remaining
  • Long Term Lease with Over 8 Years of Term Remaining
  • Tenant has a Strong Commitment to the Site

Exclusively Listed By

Shopping Community

Wings Resale Store

Listing Price: $2,900,000

Cap Rate
5.75%
Gross SF
9,520
Rentable SF
9,520
Price/Gross SF
$304.62
Lot Size
0.81 acres
Year Built
1990

Investment Highlights

  • Long Term Lease with Over 8 Years of Term Remaining
  • Long Term Lease with Over 8 Years of Term Remaining
  • Tenant has a Strong Commitment to the Site

Investment Overview

Marcus & Millichap is pleased to present WINGS Program, Inc. (Wings) located at 300 West Golf Road in Schaumburg, Illinois. The subject property is a free-standing, retail building comprised of 9,520 square feet situated on 0.81 acres. This irreplaceable location is next to a signalized intersection at Golf Road and Valley Lake Drive, with frontage on Golf Road. The building was delivered in 1990 and has been professionally managed and maintained. The tenant, WINGS Program, Inc. operates a resale store at this location with multiple other locations in the surrounding suburbs of Arlington Heights and Niles. Wings took occupancy in 2014, and just extended their lease term through the end of July 2029, with two additional five-year renewal options along with 10 percent base rent increases. This is a triple-net lease, which limits landlord exposure to roof and structure. Ownership just had a new parking lot installed at the end of 2021. The retail rent in this area ranges between $17.00 to $24.00 per square foot, triple-net according to Co-Star, which should provide an investor tremendous upside in the future. WINGS Program, Inc., was established in 1985 with the goal of providing a pathway to independence for people who have been affected by domestic violence. They provide emergency safe shelter as well as transitional housing for victims and assistance meeting basic needs for items such as food and clothing. This is where their resale store operations come into place. WINGS operates three resale stores throughout the north and northwest Chicago suburbs including the subject property in Schaumburg, Arlington Heights, and Niles. These stores are a vital segment of WINGS outreach and have experienced growth in many ways including an increase in the footprint of the subject property to 100 percent in 2017. All profits generated are reinvested in the WINGS program, which is a great benefit to the community. The location provides excellent visibility and accessibility with frontage to Golf Road (35,400 VPD) near the intersection with Higgins Road (28,500 VPD). This is an excellent shopping region surrounded by national retailers and located one mile to Interstate 90 and less than 3 miles from Woodfield Mall. Schaumburg is a highly desirable and sought-after Chicago suburb with an estimated population of 242,000 and average household income of $114,000. The site is also next to a Tesla car dealership and surrounded by many additional automotive dealerships in the immediate area

Exclusively Listed By

MM Texture Background
MM Textured Background Lower